Wells Fargo mortgage recast calculator
Enter your Wells Fargo balance, interest rate, months remaining, and lump sum.
- New payment amount.
- Reduction amount.
- Interest saved after the fee
- Fee recovery time.
Principal and interest are the only parts covered; taxes and insurance (escrow) are billed on their own. A recast is not available for FHA, VA and USDA loans.
No feerecast fee
$10,000minimum lump sum
NoFHA, VA, USDA
Ask the servicerhow often
01 How to request a Wells Fargo mortgage recast
How to make the request
- Phone a home mortgage consultant to request a Recast.
Eligibility
- Promoted as an option for jumbo loans.
- Certain requirements about timing and other matters must be met, and they are explained when you make a recast request. Call a home mortgage consultant to confirm your eligibility.'
- Published fee
- 'For the recast option, No transaction fee is required' (jumbo loan recast option)
- Published minimum
- 'A principal payment of at least $10,000'
02 Extra principal, a Wells Fargo Recast, or no change
With a $300,000 balance at 6.5%, 300 months remaining, and a $30,000 lump sum:
| 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 | $30,769 | $97,670 | $0 |
Amortization schedule in Excel is a month-by-month list of every payment.
03 Fees for Recast at other servicers
| Servicer | Recast fee | Minimum lump sum |
|---|---|---|
 Bank of America | No fee | $5,000 over six months |
 Rocket Mortgage | $250 | $10,000 |
 PennyMac | $250 | $10,000 |
 Truist | $250 | 10% of the balance |
 U.S. Bank | $250 | Not published |
 Chase | Not published | No minimum |
04 Questions about a Wells Fargo Recast
Is there a Wells Fargo recast fee?
You pay no fee. There is No transaction fee for the recast option on the Wells Fargo page (jumbo loan recast option).
For Wells Fargo, what is the smallest one-time payment for a recast?
$10,000. The published terms call for a principal payment of $10,000 or greater.
Can Wells Fargo recast an FHA or VA loan?
No. A voluntary Recast is unavailable for FHA, VA and USDA loans. Extra principal reduces their term instead. Recast rules by loan type