How to use the Excel CUMPRINC function

Summary

The Excel CUMPRINC function is a financial function that returns the cumulative principal paid on a loan between a start period and an end period. You can use CUMPRINC to calculate and verify the total principal paid on a loan, or the principal paid between any two payment periods.

Purpose

Get cumulative principal paid on a loan

Return value

The principal amount

Syntax

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

Arguments

rate - The interest rate per period.
nper - The total number of payments for the loan.
pv - The present value, or total value of all payments now.
start_period - First payment in calculation.
end_period - Last payment in calculation.
type - When payments are due. 0 = end of period. 1 = beginning of period.

Usage notes

Be consistent with inputs for rate. For example, for 5-year loan with 4.5% annual interest, enter the rate as 4.5%/12.
The loan value (pv) must be entered as a positive value.

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