StepsMore to calculate total interest paid on a loan in Excel?Excel formula: Calculate loan interest in given year Excel formula: Calculate interest rate for loan | ExceljetExcel formula: Calculate interest rate for loan | ExceljetCalculate total interest paid on a loan in Excel Calculate total interest paid on a loan in Excel For example, you have borrowed $100000 from bank in total, the annual loan interest rate is , and you will pay the bank every month in the coming 3 years as below screenshot your loan data in Excel as below screenshot shown: 2. In Cell F3, type in the formula, and drag the formula cell’s AutoFill handle down the range as you need. =IPMT($C$3/$C$4,E3,$C$4 $C$5, $C$2) 3. In the Cell F9, type in the formula =SUM(F3:F8), and press the Enter key. Now you will get the total amount of interest payments for the calculate the total interest for a loan in a given year, you can use the CUMIPMT function. In the example shown, the total interest paid in year 1 is calculated by using 1 for start period and 12 for end period. The The formula in F5 is: = CUMIPMT(5 % 12,60,30000,1,12,0)

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