Reduce your EMI after making a lump sum payment
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Old EMI: 0
New EMI: 0
A mortgage recast calculator helps you determine how your EMI changes after making a lump sum payment toward your loan principal. Unlike refinancing, recasting keeps your interest rate the same but reduces your outstanding balance.
For example, if you pay ₹5,00,000 toward your loan, your principal reduces significantly, leading to lower monthly payments.
This is ideal for homeowners who receive bonuses or extra income and want to reduce their financial burden.
Explore more tools on our home page or browse mortgage calculators.