Go Back

How to Use the Excel CUMIPMT Function

We can use the excel CUMIPMT function to return the cumulative interest to be paid on a loan from a start to an end period. This function is useful for calculating and verifying the total interest paid between any two payment periods. The steps below will walk through the process.

Figure 1 – How to Use the Excel CUMIPMT Function


=CUMIPMT(rate, nper, pv, start_period, end_period, type)

  • Rate– This is the interest rate per period (C6/12)
  • Nper– This is the total number of payments for the loan. (C9)
  • Pv– This is the present value or the total value of all payments at present (C5)
  • Start_period– This represents the first payment in a calculation.
  • End_period– This represents the last payment in a calculation.
  • Type– When the payments are due. 0 = payment due at the end of a period. 1 = payment due at the beginning of a period.



Setting up the Data

We will set up our table as shown in figure 2. We intend to calculate the cumulative interest paid on the loan amount for 60 months.

  • We will place the parameters in the range: B5:B9.
  • The figures will be contained in Column C
  • The result will be returned in Cell C10

Figure 2 – Setting up the Data

Using the Excel CUMIPMT Function

  • We will click on Cell C10
  • We will insert the formula below into Cell C10

Figure 3 – Result of the Cumulative Interest Paid

Instant Connection to an Expert through our Excelchat Service

Most of the time, the problem you will need to solve will be more complex than a simple application of a formula or function. If you want to save hours of research and frustration, try our live Excelchat service! Our Excel Experts are available 24/7 to answer any Excel question you may have. We guarantee a connection within 30 seconds and a customized solution within 20 minutes.

Did this post not answer your question? Get a solution from connecting with the expert.

Another blog reader asked this question today on Excelchat:
Here are some problems that our users have asked and received explanations on

how to use and write a formula for cumipmt to calculate a loan
Solved by X. D. in 11 mins
normal distribution function in excel
Solved by T. A. in 23 mins
I need help on how to use indirect function along with sumifs function in excel.
Solved by Z. W. in 15 mins

Leave a Comment