<prompt> Human: Long story short, just sent 12k to the bank to apply towards principal. Does this change my monthly payment? I still have 50 months left. Any information about what to expect next would be appreciated. EDITs to clarify - This is a car loan. The 12K was from insurance payment due to hail damage.  <response>: Your payment will not change, your loan will end earlier.You can sometimes ask for a recast, which will take the remaining principal balance and recalculate the payment across the remaining number of months left in the original loan period. Often the recast isnt free, the lender might charge a fee. 