Bank of America Mortgage Recast: Fee, Minimum & How to Request

Last verified July 2026 · Widely reported by third parties — not officially published

Offers recastingYes, on eligible loans

Reported feeReported fee-free (from a third-party servicing guide, not a BofA-published fee schedule).

Reported minimum$5,000 in principal curtailments over the prior ~6 months (reported).

These figures are reported for planning and can change at any time. Bank of America's written recast agreement is what binds — confirm the current fee, minimum, seasoning, and your loan's eligibility with Bank of America before sending any payment.

What to know about a Bank of America recast

Loan must be current; first 6 months of payments required before eligibility; reported as one recast per rolling 12-month period. Government loans not eligible. Request via customer service.

Is your loan eligible?

Conventional (Fannie Mae / Freddie Mac) loans are usually eligible, subject to your servicer and investor.
FHA, VA and USDA government loans generally cannot be recast (re-amortization only happens inside a loss-mitigation modification, which is a different process).
Jumbo and portfolio loans vary case by case — only the servicer/investor can confirm.
Interest-only loans, Option ARMs and commercial loans are typically ineligible.

How to request a recast

Confirm your loan is current and past any seasoning period (often 2–6 on-time payments).
Contact Bank of America and ask for their recast/re-amortization form — most servicers require the request before or with the lump sum, so an unsolicited principal payment won't automatically recast the loan.
Make the qualifying lump-sum payment and pay any recast fee as directed.
Allow roughly 30–60 days for the new, lower payment to take effect.

See your new payment

Estimate exactly how much a lump sum would lower your payment — and whether recasting, extra principal, or refinancing costs least — in the recast calculator. New to recasting? Start with what is a mortgage recast, or compare other servicers on the lender policies page.

Frequently asked questions

Does Bank of America offer mortgage recasting?

Yes — Bank of America is reported to offer recasting on eligible loans. Loan must be current; first 6 months of payments required before eligibility; reported as one recast per rolling 12-month period. Government loans not eligible. Request via customer service.

How much does a Bank of America recast cost?

Reported fee-free (from a third-party servicing guide, not a BofA-published fee schedule). (Widely reported by third parties — not officially published.) Recast fees industry-wide are commonly $150–$500, and a few large banks are reported fee-free. Confirm the current fee directly with Bank of America.

What is the minimum lump sum for a Bank of America recast?

$5,000 in principal curtailments over the prior ~6 months (reported). Minimums industry-wide are usually $5,000–$10,000, sometimes about 10% of the balance. Confirm with your servicer.