Mortgage recast fee by lender
Your servicer charges a recast fee to re-amortize the loan after you make a lump sum payment. Loans from FHA, VA and USDA cannot be recast. Calculate your new payment
Mortgage recast fee at the 18 servicers that publish one
The order is by fee first, then by name. Every entry points to that servicer's page; state law may cap or waive the fee.
| Servicer | Recast fee | Minimum lump sum | How to ask | Source |
|---|---|---|---|---|
 Bank of America | No fee | $5,000 over six months | Call 800.669.6607, then sign and mail back the recast agreement | bankofamerica.com |
 Wells Fargo | No fee | $10,000 | Recast request by phone to a home mortgage consultant | wellsfargo.com |
 TD Bank | $100 | Not published | Call the servicer | td.com |
 Citizens | $150 | $5,000 | Call the servicer | citizensbank.com |
 Lakeview | $250 | $10,000 | Send the recast request form before the lump sum, then sign the agreement | mylakeviewloan.com |
 Mr. Cooper (now part of Rocket Mortgage) | $250, Rocket Mortgage terms | $10,000, Rocket Mortgage terms | Call Rocket client support at (800) 4-ROCKET | mrcooper.com |
 Newrez | $250 | $10,000 or 10% of the balance | Send a formal request first, then make the principal payment. | newrez.com |
 PennyMac | $250 | $10,000 | Submit an official recast request first, then wire the funds or send certified funds. | pennymac.com |
 Rocket Mortgage | $250 | $10,000 | Make a separate recast request; an extra payment by itself will not begin one. | rocketmortgage.com |
 Truist | $250 | 10% of the balance | Request to servicing | truist.com |
 U.S. Bank | $250 | Not published | Request to servicing | usbank.com |
 Regions | $275 | Not published | Call the servicer | regions.com |
 loanDepot | $500 | Not published | Request to servicing (866) 258-6572 | loandepot.com |
 Movement Mortgage | $500 | $10,000 | Apply through servicing at 855-979-1084 | movement.com |
 Servbank | $500 | $10,000 | Recast request via servicing (help FAQ) | servbank.com |
 Dovenmuehle | $150 to $600 | Not published | Call Customer Service at 1-800-669-4268; the fee is quoted first | dovenmuehle.com |
 Fairway Home Mortgage | Set by the servicer | $10,000 or 10% of the balance | Send a written request, then sign and return the documents | fairway.com |
 Guaranteed Rate | A few hundred dollars | $5,000 to $10,000 | Call the servicer | rate.com |
18 servicers that do not publish a recast fee
Before sending the lump sum, ask about the fee and minimum, and receive both in writing. Most of the listed servicers recast conventional loans when asked.
AmeriHome
Carrington
Cenlar
ChaseMinimum: No minimum amount
Citi
Fifth Third
Flagstar
Freedom Mortgage
Guild Mortgage
Huntington
KeyBank
M&T Bank
Navy Federal
Planet Home Lending
PNC requires a $10,000 minimum
SoFi
USAA
UWM
What causes recast fees to differ
A servicer sets the fee, while some states place limits on the amount it may charge. For Truist, the fee can reach $250 "if permitted by applicable state law"; for Lakeview, it can reach $250 "if required in your state". Calculate your new payment with the fee included.
Questions about the cost to recast a mortgage
What is the typical cost of a mortgage recast?
The most common amount is $250, and Rocket Mortgage, PennyMac, Newrez, Truist, U.S. Bank and Lakeview each charge it. At servicers that publish a flat fee, the amount is between $0 and $500, while Dovenmuehle lists $150 to $600.
Who offers recasts without a fee?
Bank of America reports no recast fee, and for its recast option, Wells Fargo charges no transaction fee.
Why do some servicers leave their fee unpublished?
Some give a quote only by phone; others follow the loan owner. Get the figure in writing, and ask before you send the lump sum.