I bought my house in May of 2013. The purchase price of the house was $338,500. I put a down payment of $17,000 on the house. I paid all closing costs out of pocket. I received an interest rate of 3.625% on my 30-year mortgage. What was my original monthly payment (consisting of principal and interest)? Roughly five years later at the end of month 59, I reamortized my mortgage after I put down an additional $60,000. What was my new monthly payment that started in month 60? How much money will I have saved in interest costs from performing this recast if I carry my new loan to the end of the term?

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