Recast worksheet · Free download
Mortgage Recast Payment Component Worksheet
Compare the pre- and post-recast principal-and-interest payment while keeping escrow, mortgage insurance, and other components separate.
2 pagesNo email requiredEditable + printable
Actual first-page previewMortgage Recast Payment Component Worksheet
Before you fill it out
What this resource helps you document
Compare the pre- and post-recast principal-and-interest payment while keeping escrow, mortgage insurance, and other components separate.
01Before recast
02Recast event
03After recast
04Escrow unchanged or separately changed?
05Total payment bridge
Federal baseline to check
Use the form with the rule, not instead of the rule.
These templates organize facts and records. They do not create a borrower right that the underlying regulation, loan terms, investor rules, or state law does not provide.
- A recast is governed by the loan/investor/servicer terms; Regulation X does not create a general federal right to a recast.
- A recast typically changes the scheduled P&I calculation, while escrow remains a separate component that can change because of taxes, insurance, shortage repayment, or a new analysis.
- For a covered escrow account, Regulation X still governs escrow estimates, cushion limits, and shortage/deficiency treatment.
Use this resource carefully
- Compare the statement immediately before the recast with the first statement after it and label P&I, escrow, PMI/mortgage insurance, and any temporary amount separately.
- Do not conclude the recast 'failed' just because the total payment did not fall by the same amount as P&I; a simultaneous escrow increase can offset part of the drop.
- Keep the recast confirmation showing effective date and new P&I; it is the best anchor for a component-level reconciliation.