Mortgage Recast Fees and Policies
Each populated policy cell links to the official source that supports it. A dash means the official materials checked for this comparison do not state a value for that field; it does not mean a lender has no fee or does not offer a recast. Loan-specific or investor rules may still apply, so confirm current terms with the servicer.
Verified dates refer to the date this page's records were checked. Lender policies can change.
Chase
Chase’s recast page explicitly says there is no minimum amount required, while cautioning that a small principal reduction may not significantly lower the payment. It excludes FHA, VA, and USDA loans; availability for other loans depends on investor guidelines and can change without notice. The recast page does not list a fee amount, but Chase’s separate official mortgage fee page places “Recast modification” under “No-cost services,” so this comparison records $0. That service requires the account to be in good standing. Call Chase to confirm eligibility and terms for your loan.
Wells Fargo
Wells Fargo describes this option in its section on jumbo loan recasting: after a principal payment of $10,000 or more, it recalculates monthly principal-and-interest payments, and it states that no transaction fee is required. The table records a $10,000 minimum and a $0 fee for the described jumbo option only. The page does not address other loan types; confirm eligibility by calling a Wells Fargo home mortgage consultant.
Bank of America
Bank of America states that there is no fee for a recast and requires at least $5,000 cumulatively in principal curtailments over the last 6 months. Separately, the first 6 months of required payments must be made before eligibility. The FAQ says a paid-ahead loan uses its next scheduled payment date; otherwise, if the request or curtailment funds arrive by the 15th, the new principal-and-interest payment starts the following month, and if received on or after the 16th, it starts two months later. These dates do not replace the separate eligibility conditions. To apply, call Bank of America as directed in its official FAQ.
PNC
PNC calls this service a Principal Reduction Modification. Its official page lists a standard $250 fee, subject to change, that must be paid up front and is non-refundable. It also describes a $10,000-or-more lump-sum principal payment and says the modification can be executed within 12 months of that payment. To apply, send a request through PNC’s official mortgage payment-options page and confirm the current fee and terms for your loan.
Rocket Mortgage
Rocket Mortgage’s official recast guide states, “Rocket Mortgage requires at least $10,000 to be applied to principal.” It adds that qualifying payments need not arrive as one lump sum if made within a 12-month period. Rocket’s “Mortgage recast fees” section states, “There’s a flat $250 fee.” The guide also says at least two consecutive monthly payments are needed before eligibility. Review the official recast guide and official servicing-fees article, and confirm account-specific terms before applying principal.
U.S. Bank
U.S. Bank’s official servicing fee schedule lists a “Recast modification fee” of $250. The schedule says this fee is not chargeable for bankruptcy or the Servicemembers Civil Relief Act (SCRA). The minimum principal, eligible loan types, and processing time are not specified in the cited fee schedule. Review the official fee schedule and contact U.S. Bank to confirm current terms for your loan.
Estimate Your New Payment
Not sure how much your payment would drop? → Run the recast calculator: mortgage recast calculator.
Compare the Recast Process
For a general comparison of recasting and refinancing, read mortgage recast vs refinance. For the request process and questions to ask a servicer, see how to recast a mortgage.
Frequently Asked Questions
How much does Wells Fargo charge to recast?
For the jumbo loan recast option described on its official page, Wells Fargo says no transaction fee is required; the table records $0 for that option.
Does Chase allow a mortgage recast?
Chase says no minimum amount is required, excludes FHA, VA, and USDA loans, and bases other availability on investor guidelines. Its recast page does not list a fee amount, but the separate official mortgage fee page places recast modification under No-cost services, so this comparison records $0. Chase also requires the account to be in good standing.
What is the typical recast fee?
There is no single fee across these records: Wells Fargo lists no transaction fee for its described jumbo recast option, Bank of America states there is no recast fee, Chase's mortgage fee page lists recast modification under No-cost services, and PNC, Rocket Mortgage, and U.S. Bank list fees of $250.
What are the disadvantages of recasting?
The comparison includes timing and cost conditions: Bank of America requires the first 6 months of required payments before eligibility, Rocket Mortgage requires at least two consecutive monthly payments, and PNC, Rocket Mortgage, and U.S. Bank list recast fees of $250. Confirm current loan-specific terms with the servicer.
Sources and Editorial Notes
Policy data comes from the official lender sources linked in each row. Where an official statement could not be verified, the field is blank in the data file and shown as a dash. This page is an information summary, not loan or financial advice; the lender's written terms for your account control.
Data last verified: 2026-10-21. Initial publication: October 20, 2026. We update this page when official lender information is rechecked or corrected.