Chase Mortgage Recast: No Fee Stated, No Minimum (2026 Guide)
Last updated 6 min read By the Mortgage Recast Calculators team
Chase has one of the most borrower-friendly recast policies among major mortgage servicers: no published fee, no application, and no minimum lump-sum requirement. If your loan is serviced by Chase and it is a conventional loan in good standing, you can pay down principal and ask Chase to re-amortize the remaining balance over your existing term at your existing rate, which lowers your monthly principal and interest payment. This guide covers the exact Chase rules, how to request a recast, and the restrictions to know before you send money.
Chase recast at a glance
| Item | Chase policy |
|---|---|
| Minimum lump sum | None. Chase states no minimum amount is required, but notes a small principal reduction will not significantly lower your payment. |
| Fee | None stated. Chase says no fees or application are needed, but the same page carries a "Fees may apply" disclaimer, so confirm the fee on the call. |
| How to request | Call 1-800-848-9136, or use the recast flow inside Chase MyHome (logged in), which includes a savings calculator. Designate the payment as principal-only. |
| Processing time | Not published. Confirm the timeline when you call. |
| Restrictions | FHA, VA, and USDA loans not eligible. Loan must be in good standing. No credit check or appraisal. Repeat recasts allowed after further principal paydown. Chase reserves the right to stop offering recasts at any time. |
What a Chase recast actually does
A recast, sometimes called re-amortization, works the same way at every servicer. You make a substantial principal-only payment, then the servicer recalculates your monthly principal and interest using the new, lower balance spread over the same remaining term at the same interest rate. Your rate does not change, your payoff date does not change, and there is no underwriting, credit check, or appraisal. Only the monthly payment drops. For the full mechanics, see our guide to how mortgage recasting works.
If Chase confirms no fee on your loan, the math is simpler than at servicers with a published charge: every dollar of monthly savings is pure benefit, with nothing to earn back. You can estimate your new payment before you call using our free mortgage recast calculator, and enter whatever fee Chase quotes you if it is not zero.
No minimum, but size still matters
Most large servicers set a floor, commonly $5,000 or $10,000, before they will process a recast. Chase does not. Its own FAQ answers the minimum question directly: "No, there is no minimum amount required. However, a recast after a small principal reduction will not significantly lower your payment."
That second sentence deserves attention. If you put $2,000 toward a $350,000 balance, your payment drops by roughly $10 to $14 a month depending on your rate and term. Chase states no fee, so there may be no direct cost to doing it, but the paperwork and the phone call may not be worth a trivial change. Run your specific numbers in the calculator first; most borrowers find the payment change becomes meaningful somewhere north of $10,000 in principal reduction, and windfall-sized payments such as a home-sale proceeds check or an inheritance produce the biggest drops.
The fee, in context, and the one caveat
Chase's recast page says a recast comes with "no fees or application needed." We are flagging exactly where that sentence lives, because it changes how much weight it carries: it appears inside an illustrative example of a borrower recasting at their original rate, not in a fee schedule, and the disclaimer at the foot of the same page reads "Other restrictions and limitations apply. Fees may apply." Chase publishes no recast fee anywhere. We therefore record Chase as no fee stated, not as a guaranteed $0, and we would ask for the fee in writing on the call.
For context, recast fees across the industry typically run $150-$500, and $250 is the most common flat charge, including at Rocket Mortgage, U.S. Bank, and Truist. Bank of America states "there is no fee for a recast of your loan" and Wells Fargo states "no transaction fee is required for the recast option," both unambiguously, so among the biggest banks a free recast is close to the norm. What Chase pairs with it is no stated minimum, which no other major servicer we have reviewed does. See our full mortgage recast fees breakdown for the lender-by-lender comparison.
How to request a Chase recast, step by step
- Check eligibility. Your loan must be a conventional loan in good standing. FHA, VA, and USDA loans are excluded.
- Estimate your savings. Use our recast calculator, or log in to Chase MyHome, which has a savings calculator built into the recast flow.
- Call Chase at 1-800-848-9136 or start the request through Chase MyHome. Confirm the current process and timing for your specific loan, since Chase does not publish a processing timeline.
- Make the lump-sum payment and designate it as principal-only. This step matters. A payment that is not marked principal-only can be applied to future scheduled payments instead of reducing your balance.
- Confirm the new payment. Once the recast is processed, your monthly principal and interest amount is recalculated. Escrow for taxes and insurance is unaffected and continues on top of the new P&I.
Restrictions and fine print
- Government loans are out. FHA, VA, and USDA loans cannot be recast at Chase, consistent with those programs' servicing rules industry-wide. If you hold one of these, see our guides for FHA loans and VA loans for alternatives.
- Good standing required. The loan must be current.
- Repeat recasts are allowed. After further principal paydown, you can recast again. There is no published cap on frequency.
- The offer is discretionary. Chase reserves the right to stop offering recasts at any time. Recasting is servicer policy, not a borrower right, so if a recast is part of your financial plan, do not assume the option will exist indefinitely.
- "Fees may apply." That sentence is in Chase's own disclaimer, alongside "terms and conditions are subject to change without notice." Chase publishes no recast fee, but it has not promised there will never be one. Get the fee confirmed before you send the lump sum.
- No credit check or appraisal. A recast is not a refinance and not a loan modification; there is no underwriting.
Is a Chase recast worth it?
With no fee and no minimum, the barrier is unusually low. The real question is whether locking a lump of cash into home equity beats other uses of that money, and whether a lower payment serves you better than a faster payoff. A recast lowers the monthly bill but does not shorten the loan; simply making extra principal payments without recasting keeps your payment the same and pays the loan off sooner. We walk through that trade-off in recast vs extra payments and the broader decision in is recasting worth it.
If Chase is not your servicer, or you are comparing before a loan transfer, our overview of which lenders allow recasting covers policies at ten major servicers, including Rocket Mortgage and Mr. Cooper.
Policy details verified from Chase's official recast page, August 2026. Servicer policies can change; confirm current terms at 1-800-848-9136 before sending funds.