Mortgage Recast Calculator (Image) 3Refinance or Recast?

Have you sold a home and want to pay down your mortgage to lower your payment?  Maybe you want to drop the PMI before it naturally comes off and don't want to refinance? Did you even know you don't have to refinance?

Download the spreadsheet that helps you calculate your new mortgage payment after a loan recast.  

With the spreadsheet, you can:

  • See how much cash needed to drop PMI
  • Determine your new LTV (loan to value)
  • Calculate the NEW mortgage payment
  • See the monthly savings after recasting

Complete the short form to download!

Questions? Contact Rick Elmendorf at 571-249-5363 or send an email to

Who's Rick Elmendorf?  Find out HERE.

Other Cool Stuff:

VA Home Loan Secrets

EMA Refinance Worksheet Calculator 







This is intended solely for informational purposes and is an exclusive offer of Rick Elmendorf NMLS 485091 and The Elmendorf Team at Caliber Home Loans. This document is not part of the application process and does not constitute an application. The information above reflects proposed options for sellers that choose to participate in the PMH buy-down option. If you decide to proceed with applying for a loan, you will need to complete a loan application and you will be provided with detailed loan disclosures including a Loan Estimate. Caliber Home Loans, Inc., 3701 Regent Boulevard, Irving, Texas 75063 (NMLS # 15622). Equal Housing Lender. (c) 2019 Richard Elmendorf, ALL RIGHTS RESERVED.