Here’s a combined and advanced Mortgage Recast Calculator with all relevant options and features. This tool allows users to calculate how much their monthly mortgage payment would change if they made a lump sum payment towards the loan and had their lender "recast" or re-amortize the mortgage. The tool also includes a "Click for More Info" button that changes color every time it's clicked.

Mortgage Recast Calculator

Current Loan Amount ($):

Current Interest Rate (%):

Current Loan Term (Years):

Lump Sum Payment ($):

New Loan Term After Recast (Years):

Key Features of the Mortgage Recast Calculator: Inputs: Current Loan Amount: The existing balance on your mortgage. Current Interest Rate: The interest rate on your mortgage (annual percentage). Current Loan Term: The original term of the mortgage in years. Lump Sum Payment: The lump sum payment you plan to make towards the mortgage. New Loan Term After Recast: The new term of the loan after the recast process. Calculation: The new loan amount after the lump sum payment is subtracted from the original loan amount. The new monthly payment is recalculated based on the new loan amount and the new loan term. Results: The tool will display the original loan amount, the lump sum payment, the new loan amount after recast, and the new monthly payment. Dynamic "Click for More Info" Button: The "Click for More Info" button changes color every time it's clicked, creating a fun and interactive element for the user. The colors change between a set of predefined colors for a dynamic and engaging experience. Responsive Design: The layout adapts to different screen sizes, making it user-friendly on both desktop and mobile devices. How It Works: Input Fields: The user enters the current loan amount, interest rate, loan term, lump sum payment, and new loan term. Calculation: When the user clicks "Calculate New Payment", the tool calculates the new loan amount and the new monthly payment. Results Display: The tool displays the original loan amount, lump sum payment, new loan amount after recast, and new monthly payment. Interactive Button: The "Click for More Info" button changes color on each click, adding an interactive and fun experience. This advanced and modern Mortgage Recast Calculator will help users understand how making a lump sum payment can affect their mortgage payments and terms