Oliver PeleroWritten & reviewed by Oliver Pelero
Verified for 2026 CRA & IRCC Rules
Updated:

2026 Mortgage Recast Calculator Canada

Calculate monthly payment reduction after making a principal lump-sum recast payment

Mortgage Recast
New Recast Monthly Payment
$2,224 CAD / mois

Monthly Payment Savings: -$337 CAD / mois

Complete 2026 Canadian Mortgage Refinance & Equity Management Guide

Project long-term equity growth, calculate cash-out refinance limits, home selling net proceeds, and mortgage recast savings.

1

Recast Mortgage After Lump-Sum Payments

Recasting your mortgage after a lump-sum payment immediately reduces monthly mandatory cash outlay.

Frequently Asked Questions

How are mortgage recasts, equity cash-out refinances, and investment property mortgages evaluated in 2026?

Refinancing allows cash-out up to 80% LTV. Recasting recalculates monthly amortization after a principal lump-sum.

Official Government Sources

Methodology & Accuracy

All calculation formulas, threshold brackets, and point allocation tables in this tool are derived directly from official guidelines published by Canadian governing bodies (Government of Canada, CRA, IRCC, and provincial ministries).

Oliver Pelero

Oliver Pelero

Immigration & Finance Advisor

Specialist in IRCC regulatory policies and CRA tax guidelines. 10+ years helping newcomers and residents navigate Canadian financial and immigration systems.

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Legal Notice: Disclaimer: This tool is provided for educational and estimation purposes only. It does not constitute official tax, legal, financial, or immigration advice. Canadian regulatory and tax guidelines (CRA & IRCC) change periodically; always verify official criteria on government portals before submitting applications or making financial decisions.