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Home Auto Family Leisure Retirement CUIS Life Event Planner		Effect of Lump Sum Payment on a Loan Calculate the savings in interest and time by making a lump sum payment on a loan such as an automobile loan. The "lump sum payment on loan" simulation calculates the dollar amount and time saved by making a lump sum payment on a loan. For example, if you have an automobile loan of $10,000 with payments amortized over a five year period, you could use this simulation to calculate how much you would save by making a lump sum payment of $2,000. You will also be able to see what your new amortization schedule will look like for the remaining term of your loan. Amount Borrowed $ Annual Interest Rate Number of Payments per Year Amortization Period in Years Months Lump Sum Payment Amount $ Number of Years Months from the beginning of Loan when the Lump Sum Payment is made.