BALTIMORE RATE & HOLDING-PERIOD DESK
Re-amortize a reduced balance at the same rate and remaining term.
34 tools. One connected workspace.
Home equity
Compare payment reduction when a lump sum is followed by re-amortization at the same rate.
YOUR DECISION, IN NUMBERS
METHOD 2026-10-23.3Recasting is subject to lender/product rules; making an extra payment alone does not establish a recast or lower the required payment.
Get help with my next step ↗Modeled post-recast P&I
One assumption changes; everything else stays the same. This is a stress scenario, not a forecast.
This recast scenario keeps the existing rate and remaining term while re-amortizing a smaller balance. A refinance generally replaces the loan with new terms and costs.
Ask about your next step ↗THE LONG VIEW
YOUR COMPARISON TABLE
Save up to eight scenarios on this device. Each retains its own tool and assumptions; outputs from different methods are labeled separately. Download a plan before moving to another browser or independent portal.
No scenarios saved on this device yet.
OPEN METHODS / BETTER QUESTIONS
Re-amortize the reduced balance at the same rate over the remaining term.
Recasting is subject to lender/product rules; making an extra payment alone does not establish a recast or lower the required payment.
Use actual property documents, matching lender estimates and qualified advice where needed. No calculator, API or MCP tool here issues an approval or guarantees a rate.
YOUR NEXT STEP / MITEY U.S.
Ask MITEY about the calculation, an assumption or how to organize your next decision. Choose whether to include your scenario.
This is an educational enquiry. It is not a request for a lender quote, approval or regulated mortgage advice.