How to calculate total interest paid on a loan in Excel?Excel formula: Calculate interest rate for loan | ExceljetSimple Interest Rate Formula | Calculator (Excel template)IPMT Function - Interest Portion of a Loan Payment in ExcelSelect the cell you will place the calculated result in, type the formula =CUMIPMT (B2/12,B3 12,B1,B4,B5,1), and press the Enter key. See screenshot: Note: In the formula, B2 is the annual loan interest rate, B2/12 will get the monthly rate; B3 is the years of the loan, B3 12 will get the total number of periods (months) during the loan; B1 is the To calculate the periodic interest rate for a loan, given the loan amount, the number of payment periods, and the payment amount, you can use the RATE function. In the example shown, the formula in C10 is: = RATE( C7, C6, - C5) the example illustrated below, the operation syntax inserted into the formula bar of cell B6 is thus- =PMT (B3/12,B2,-B1) This calculates the monthly payment with …List 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 loan.

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