Same lump sum, different monthly obligation

0–15 sec — Show a hypothetical $120,000 balance, 120 months and 0% interest; this is a teaching example.

15–35 sec — Apply the same $12,000 now: recast payment $900 versus original payment $1,000.

35–50 sec — After 60 payments compare balances $54,000 and $48,000. Show $250 separate recast fee.

50–65 sec — Explain equal horizons, retained cash and servicer eligibility. Then invite viewers to enter their own fixed-rate assumptions.