Nowadays, the self-healing of asphalt pavements promoted by microwave radiation heating energy is gaining attention and strength in the scientific community. However, most of these studies are only conceptual and, thus, remain shrouded in uncertainty regarding technology development, economy, and application effect. Therefore, there are several efforts underway to offer more effective assisted healing treatments that are capable of overcoming such uncertainties. This paper aims to assess and quantify the healing performance rates (HR) of half-warm recycled asphalt (HWRA) mixtures containing electric arc furnace (EAF) slag and total recycled asphalt pavement (RAP) rates. To this end, a novel assisted thermomechanical healing treatment (i.e., a recompaction-based technique and microwave heating energy) was put forward to promote the potential healing effect of this treatment on the mechanical properties of the asphalt mixtures. In order to do this, three microwave heating temperatures (25 °C, 60 °C, and 80 °C) and three mechanical recompaction levels (0, 25, and 50 gyrations) were selected. After that, the healing performance rates (%, HR) of the asphalt mixtures were calculated by repeated indirect tensile strength (ITS) and indirect tensile stiffness modulus (ITSM). The results indicated that the 8% EAF slag mixture was found to provide significant microwave heating energy savings by up to 69% compared with the benchmark 100% RAP mixture, and, at the same time, it experienced a remarkable stiffness recovery response of 140% of the initial mechanical properties. These findings encourage greater confidence in promoting this innovative thermomechanical-based healing treatment for in-situ surface course asphalt mixtures of road pavements.