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4330.1 REV5 APPENDIX 4 CALCULATION OF RECAST PRINCIPAL AMOUNT AND NEW MONTHLY PAYMENT Example Mortgage Term Extended 10 Years Case No. 421019614203GarthOriginal Term:Date of this Computation:Date
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How to fill out calculation of recast principal

01
Determine the current principal amount of the loan.
02
Determine the interest rate on the loan.
03
Determine the time period for which the recast principal needs to be calculated.
04
Calculate the interest amount that would be earned on the loan during the specified time period.
05
Subtract the interest amount from the current principal to get the recast principal amount.

Who needs calculation of recast principal?

01
Individuals or businesses who have taken loans and are interested in restructuring their loan repayments.
02
Financial analysts or consultants who need to calculate the recast principal for their clients.
03
Banks or lending institutions that offer loan recast options to their customers.
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The recast principal is calculated by taking the original principal amount and adjusting it for any repayments made, interest accrued, and any other relevant adjustments.
The calculation of recast principal is usually required to be filed by the borrower or debtor.
The calculation of recast principal should be filled out by providing details of the original principal amount, repayments made, accrued interest, and any other necessary adjustments.
The purpose of calculating the recast principal is to determine the updated amount owed on a loan or debt after taking into account any payments or adjustments.
The calculation of recast principal must include details of the original principal amount, repayments made, accrued interest, and any other relevant adjustments.
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