Mortgage Recast Fees by Lender (2026)

A mortgage recast fee typically runs $150 to $500, and most large servicers that charge one land at $250 flat. Some charge nothing: Wells Fargo and Bank of America both document a $0 recast fee on their official pages, and Chase says no fees are needed while also disclaiming that "fees may apply." Per Bankrate, the $150-$500 range is the industry norm, and Rocket Mortgage cites about $250 as typical.

Context matters here. A refinance costs roughly 2-6% of the loan amount in closing costs, so $6,000-$18,000 on a $300,000 loan, plus a credit check, an appraisal, and full underwriting. A recast costs a few hundred dollars, requires none of that, and keeps your existing rate. If a lower monthly payment is the goal and your rate is worth keeping, the fee is close to irrelevant; the real question is whether your servicer allows recasting and what lump sum it requires. See our full comparison at recast vs refinance.

Recast fees and minimums at 10 major servicers

Every figure below comes from the servicer's own published materials, researched in August 2026. Where a number is not published anywhere official, the table says so instead of guessing. Policies change, so confirm by phone before you send funds.

Universal caveats: government-backed loans (FHA, VA, USDA) are excluded at essentially every servicer, the loan must be current, and a recast never changes your rate or payoff date, only the monthly principal and interest. Details on eligibility are in how mortgage recasting works and our which lenders allow recasting roundup.

Servicers without a dedicated guide here: what we verified

Chase, Wells Fargo, Bank of America, Rocket Mortgage, and Mr. Cooper each have a full guide linked in the table above. For the other five, here is everything the official record supports.

U.S. Bank

The official Mortgage Servicing Fee Matrix lists a $250 "recast modification fee" for applying a large principal reduction and re-amortizing the balance over the remaining term, and notes the fee is not chargeable in bankruptcy or under the Servicemembers Civil Relief Act. The minimum lump sum, process, and eligibility rules are not published anywhere official. Call 800-365-7772 and ask for the recast department before sending funds.

PNC

PNC calls a recast a "Principal Reduction Modification," available within 12 months of applying a lump sum of $10,000 or more to principal. The loan must be at least 6 months old, investor approval is required, and you request it by submitting a letter asking for re-amortization of the monthly payment. The fee is not publicly documented, and PNC's site blocks crawlers, so treat every figure as needing phone verification at 1-800-822-5626.

Truist

Truist's January 28, 2026 bulletin is the most detailed primary source in this set. The minimum is at least 10% of the unpaid principal balance, which can be paid over the last 12 months; regular monthly payments do not count. Mail a written request, source-of-funds documentation (a recent bank statement is required on all recasts), the principal payment, and the $250 fee to Truist Bank, Attn: Recast Team, 111 Millport Cir., Greenville, SC 29607. Expect 30 to 60 business days for the modification package to arrive. Conventional loans only, including ARMs; FHA, VA, and Rural Housing are not eligible. If the recast is not approved, the fee is returned and your funds are returned or applied at your option. Questions: 800-634-7928.

Newrez / Shellpoint

The minimum is the greater of $10,000 or 10% of the unpaid principal balance, and the $250 administration fee does not apply in all states. Call Shellpoint customer service at 800-365-7170 to confirm eligibility, pay the curtailment and fee by phone, wire, or certified funds, then sign the agreement via DocuSign. Processing takes about 30 days, with a timing rule worth reading carefully: if the curtailment and fee are received prior to the 15th of the month, the new payment takes effect the 1st of the following month; if the process begins on the 16th or after, it takes effect the 1st of the second following month. FHA, VA, USDA, most jumbo loans, HELOCs, and interest-only loans are ineligible.

LoanDepot

LoanDepot's official servicing fee schedule lists $250 for recasts when a borrower makes a large principal curtailment and asks the company to re-amortize. The minimum is not officially published; third-party guides report $5,000, which we could not verify. Call servicing at 1-888-983-3240, mark the lump-sum payment as principal-only, and return the recast agreement form to complete the process.

The no-fee lenders, and two state exceptions

Two of the largest servicers state a $0 fee without qualification: Wells Fargo ("no transaction fee is required for the recast option") and Bank of America ("there is no fee for a recast of your loan"). A $0 fee does not mean no requirements: each still enforces its minimum lump sum and eligibility rules.

Chase belongs in the same conversation with a caveat we think is worth stating plainly. Chase's recast page does say "no fees or application needed," but that phrase sits inside an illustrative example, and the disclaimer on the same page reads "Other restrictions and limitations apply. Fees may apply." Chase publishes no recast fee anywhere, so we log it as none stated rather than a verified $0, and we would ask for the fee in writing before sending the lump sum.

State law also intervenes. Truist's bulletin notes that in New York (and some other states) the recast fee is prohibited, so borrowers there are not charged, while in North Carolina Truist charges a different fee based on the principal balance. Newrez/Shellpoint similarly notes its $250 fee is "not applicable in all states." If you live in a fee-restricted state, ask your servicer directly; the answer may be better than the published national figure.

Is the fee worth paying?

Almost always, if a recast fits your situation at all. The math is a simple break-even: divide the fee by your monthly payment reduction. Take the example used throughout this site: a $300,000 balance at 6.5% with 25 years remaining, and a $50,000 lump sum. The payment falls by about $338 a month, so a $250 fee pays for itself in the first month. Even at the top of the $150-$500 range, break-even arrives in under two months, versus years for typical refinance closing costs.

The fee is rarely the deciding factor. What matters is whether tying up a large lump sum beats investing it or paying down the loan gradually, which we walk through in is recasting worth it and recast vs extra payments. To see your exact new payment and break-even, run your numbers in the free mortgage recast calculator.

How we verified these figures

Every fee and minimum above traces to an official servicer page, PDF fee schedule, or bulletin, listed in the sources below. Where servicers publish nothing, we say "not published" rather than repeating unverified third-party numbers. Our full process is documented on the methodology page. If you spot a policy change, tell us and we will re-verify.