# How To Calculate Total Interest Paid In Excel

Posted on November 04, 2018 at 09:29 AM

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##### Excel Tip: Calculating Interest | AccountingWEB
Microsoft Excel is an ideal tool for calculating the cost of borrowing money, but are you doing so in the most efficient manner? In this article, I'll describe how you can use the CUMIPMT function to calculate interest expense for a loan, whether for a month, a year, or the length of the loan - all within a single worksheet cell.
##### Excel formula: Calculate cumulative loan interest | Exceljet
The Excel CUMIPMT function is a financial function that returns the cumulative interest paid on a loan between a start period and an end period. You can use CUMIPMT to calculate and verify the total interest paid on a loan, or the interest paid...
##### How to Calculate Mortgage Interest in Excel | Sapling.com
Type "=B5+B1" into cell B6 to have Excel automatically calculate how much of the total cost of the mortgage goes toward interest payments. "B5" represents the total payments you make, and "B1" represents the cost of paying back the principal. The "+" is used because Excel returns a negative value for the total cost of the loan.