Does Truist charge a recast fee?

$250. Truist's page says: 'Recast , Up to $250, if permitted by applicable state law'.

What is the minimum lump sum for a Truist recast?

10% of the balance. As published: 'a principal curtailment that is 10% or more of the unpaid principal balance'.

No. FHA, VA and USDA loans have no voluntary recast; extra principal shortens them instead. Recast rules by loan type

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

Only principal and interest are included. You receive separate bills for taxes and insurance (escrow). FHA, VA, and USDA loan types cannot be recast.

$250recast fee

10% of the balanceminimum lump sum

NoFHA, VA, USDA

Ask the servicerhow often

Truist says a recast is possible 'if the request meets certain requirements' (requirements not itemised)

Published fee: 'Recast, Up to $250, if allowed by applicable state law'
Published minimum: 'a curtailment of the unpaid principal balance of 10% or more'

With a balance of $300,000, an interest rate of 6.5%, and 300 months remaining, this example uses a $30,000 lump sum and a $250 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	$30,519	$97,670	$0
Fee	$250	$0	$0
Fee paid back by the lower payment in	2 months	No fee	No fee

Amortization schedule in Excel lists every payment month by month.

Does Truist have a recast fee?
$250. On the Truist page: 'Recast, Up to $250, if allowed by applicable state law'.
For a Truist recast, what is the smallest lump sum?
It comes to 10% of the balance. Published wording: 'a curtailment of the unpaid principal balance of 10% or more'.
With Truist, are FHA or VA loans eligible for recast?
No. Voluntary Recast is unavailable for FHA, VA, and USDA loans. Extra principal reduces their term instead. Recast rules for each loan type