loanDepot mortgage recast calculator
Enter your loanDepot balance, rate, months remaining, and lump sum.
- The new payment.
- The amount it drops by.
- Interest saved after the fee
- When the fee is paid back.
Only principal and interest are covered; taxes and insurance (escrow) are billed separately. Recasting is not available for FHA, VA and USDA loans.
01 How to request a loanDepot mortgage recast
How to make the request
- Request to servicing (866) 258-6572
- Published fee
- For General, GA, CO and NY, the servicing fee schedules list 'Recasts $500.00' (as of 8/29/2025).
- Published minimum
- The amount is not published, described as 'a large principal payment (curtailment)'.
02 Recast through loanDepot, pay extra principal, or do nothing
Here, the balance is $300,000 at 6.5%, with 300 months left, plus a $30,000 lump sum and a $500 recast fee:
| Option | Recast | Extra principal | Do nothing |
|---|---|---|---|
| Monthly payment | $1,823.06 | $2,025.62 | $2,025.62 |
| Paid off in | 25 years | 19 years 9 months | 25 years |
| Interest left to pay | $276,918 | $210,016 | $307,686 |
| Interest saved after the fee | $30,269 | $97,670 | $0 |
| Fee | $500 | $0 | $0 |
| Fee paid back by the lower payment in | 3 months | No fee | No fee |
Amortization schedule in Excel is a month-by-month list of every payment.
03 Recast charges at other servicers
| Servicer | Recast fee | Minimum lump sum |
|---|---|---|
 Bank of America | No fee | $5,000 over six months |
 Wells Fargo | No fee | $10,000 |
 Rocket Mortgage | $250 | $10,000 |
 PennyMac | $250 | $10,000 |
 Truist | $250 | 10% of the balance |
 U.S. Bank | $250 | Not published |
04 Questions on loanDepot recasts
Is there a recast fee from loanDepot?
$500. As of 8/29/2025, loanDepot's page shows 'Recasts $500.00' on the servicing fee schedules for General, GA, CO and NY.
What minimum lump sum applies to a loanDepot recast?
Not listed. As published, the amount is not published; the wording is 'a large principal payment (curtailment)'.
Does loanDepot allow recasting for FHA or VA loans?
No. Voluntary recast does not apply to FHA, VA or USDA loans; extra principal shortens those loans instead. Recast loan type rules