Putting extra cash towards your mortgage doesn’t change your payment unless the lender recasts your mortgage. Without a recast of your loan, the extra principal payment will reduce your total interest expense, but it won’t lower your monthly payment.
from EveryHouse https://everyhouse0.blogspot.com/2020/09/putting-lump-sum-towards-your-mortgage.html
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from Everyhouse https://everyhouse0.wordpress.com/2020/09/11/putting-a-lump-sum-towards-your-mortgage-wont-lower-your-payment/
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from Short Sale https://shortsale2.blogspot.com/2020/09/putting-lump-sum-towards-your-mortgage.html
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