What is the refinance balance recovery point?

It is the first projected month the proposed loan balance reaches or falls below the current balance entered. It is separate from cash-cost break-even, which compares net costs with the required monthly principal-and-interest reduction.

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Q: What does the refinance recast estimate show?

It estimates the required principal-and-interest payment after a custom principal payment is applied and the remaining balance is re-amortized over the loan's remaining term at the same fixed rate. Actual eligibility, minimum principal payments, fees, timing, and approval vary by loan investor and servicer.

Run the numbers for a purchase, home-equity line, cash-flow review, or closing-cost plan. Then send the estimate to Billy for a real scenario review.

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PLANNING, NOT A LOAN QUOTE

Clear math. Clear limitations.

These tools use only the values you enter. Actual eligibility, rates, costs, payments, and program availability require a complete review.

Mortgage PaymentHELOCCash FlowFunds to CloseRefi Break-Even

Mortgage payment estimate

Estimate principal, interest, taxes, insurance, and HOA dues.

Enter your assumptions and calculate an estimate.

Refinance break-even, payoff & recast planner

Compare required payments, cash-cost break-even, balance recovery, accelerated payoff, and an optional recast strategy.

Two useful milestones—not oneCash-cost break-even estimates when monthly P&I savings recover closing costs after the estimated escrow refund and payment-transition cash. Balance recovery shows when the new principal balance first reaches today’s current balance.

Current loan

Current loan balanceCurrent interest rate (%)

Current scheduled monthly P&I (optional statement amount)For the closest comparison, enter the principal-and-interest payment from the current mortgage statement. Do not include taxes or insurance. Current loan timing

Years remainingAdditional months remaining

Proposed refinance

New loan amountInclude financed costs if applicableNew interest rate (%)

New loan termClosing costs

Estimated current escrow refundExpected refund from the current servicer after payoff. Use 0 if none or unknown. Apply the escrow refund to new principalThe estimated refund reduces the cost to recoup either way. Select this only to also model using that cash to reduce the new principal balance.

Payment strategy

Monthly P&I strategy

Optional payment-transition cashPayments not due during refinance transitionApply the equivalent current P&I to principalThe estimated transition cash reduces the cost to recoup either way. Select this to also model applying current P&I × the selected number of payments to principal with the first new payment.

A delayed first payment is a timing benefit—not a waived or free payment. Interest, prepaid interest, escrow setup, financed costs, the closing date, and payoff timing affect the actual cash available.

Optional recast

Model a custom principal payment and recastApply an additional principal amount after closing, then estimate the lower required P&I after the remaining balance is re-amortized.

Enter current and proposed loan assumptions to compare cash break-even, balance recovery, and payoff timing.

Planning estimates only. Results are not an offer, approval, disclosure, rate lock, or commitment to lend. Actual figures depend on verified details, property, credit, loan program, state, and current market conditions.

Common questions

Helpful answers before you move forward.

Are these calculators loan quotes?

No. They provide planning estimates based only on the figures you enter. They are not disclosures, approvals, rate locks, or commitments to lend.

How does the HELOC payoff planner work?

It applies the entered annual rate as a monthly rate to the current balance, rounds each month to cents, subtracts interest from the planned payment, and applies the rest to principal. It assumes no new draws or fees and an unchanged rate.

What does the refinance recast estimate show?

It applies the custom principal amount after the selected regular payment, then estimates a new required P&I by re-amortizing the remaining balance across the loan’s remaining original term at the same fixed rate. The servicer must approve and process an actual recast; eligibility, minimums, fees, timing, and the effective payment date vary.

Why can the final payment be different?

HELOCs may accrue interest daily, use a variable rate, allow new draws, or calculate minimum payments differently. Mortgage insurance, property taxes, homeowners insurance, HOA dues, closing costs, program rules, servicer calculations, and verified borrower details can also change other calculator results.

What should I compare besides the monthly payment?

Compare cash needed, loan term, closing costs, interest paid over time, whether other debts are being paid off, and how long you expect to keep the property or loan.

Can Billy review my estimate?

Yes. Use the review button after any calculation, send the non-sensitive figures to Billy, or book a 15-minute mortgage review.

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Turn a mortgage question into a useful first estimate.

Clear math. Clear limitations.

Mortgage payment estimate

HELOC payment & early-payoff planner

Cash-flow comparison

Estimated funds to close

Refinance break-even, payoff & recast planner

Helpful answers before you move forward.

Want a real review of the numbers?