Mortgage Recast Calculator

PNC mortgage recast calculator

PNC logo
PNC fee and your loan type
Your servicerPNC

Enter your PNC balance, rate, months remaining, and lump sum.

  • The new payment.
  • Amount of reduction.
  • Interest saved after the fee
  • Time to pay the fee back.

Only principal and interest are included; taxes and insurance (escrow) are billed separately. You cannot recast FHA, VA and USDA loans.

Not publishedrecast fee
$10,000minimum lump sum
NoFHA, VA, USDA
Ask the servicerhow often

01 How to request a PNC mortgage recast

Eligibility

  • Government-backed (FHA, VA, USDA) loans are not eligible (explainer)
  • The explainer notes that two months of on-time payments may be required by your lender.
Published fee
not published
Published minimum
The minimum is $10,000 towards your principal.

Recast page at PNC

02 Recast through PNC: make extra principal payments or do nothing

For a balance of $300,000 at 6.5%, 300 months remaining, and a $30,000 lump sum, the figures assume a $250 recast fee:

OptionRecastExtra principalDo nothing
Monthly payment$1,823.06$2,025.62$2,025.62
Paid off in25 years19 years 9 months25 years
Interest left to pay$276,918$210,016$307,686
Interest saved after the fee$30,519$97,670$0
Fee$250$0$0
Fee paid back by the lower payment in2 monthsNo feeNo fee

Amortization schedule in Excel is a month-by-month list of every payment.

03 What other servicers charge for a Recast

ServicerRecast feeMinimum lump sum
Bank of America logoBank of AmericaNo fee$5,000 over six months
Wells Fargo logoWells FargoNo fee$10,000
Rocket Mortgage logoRocket Mortgage$250$10,000
PennyMac logoPennyMac$250$10,000
Truist logoTruist$25010% of the balance
U.S. Bank logoU.S. Bank$250Not published

All 36 servicers

04 Questions about PNC recast

  1. Is there a PNC recast fee?

    This is not published. Not published, according to PNC's page.

  2. For a PNC recast, what is the minimum lump sum?

    $10,000. The published figure sets a minimum of $10,000 for payments towards your principal.

  3. Through PNC, can you have an FHA or VA loan recast?

    No. Voluntary Recast is unavailable on FHA, VA and USDA loans; extra principal shortens them instead. Recast rules for each loan type