Directed energy deposition (DED) provides a promising additive manufacturing method to fabricate and repair large metallic parts. However, it may suffer from excessive heat accumulation due to a high build rate, particularly during a wire feeding-type DED process. The implementation of interpass time in between two depositions of beads plays an important process role to passively control the interpass temperature. In this study, a method to estimate the proper interpass time using regression analysis from heat transfer finite element analysis is proposed for maintaining the interpass temperature during a wire feeding-type DED deposition of a planar layer. The overlapping beads of a planar layer are estimated using a polygonal-shaped bead profile in the finite element model. From the estimated proper interpass time, a selected proper interpass time scheme (PITS) is suggested for practical implementation. The selected PITS is applied in a thermo-mechanical finite element model to evaluate the temperature distribution and its effects on the depth of the melt pool, the depth of the heat-affected zone (HAZ), displacement, and residual stresses. By comparing the predicted results with those using a constant interpass time scheme (CITS), the selected PITS shows better control in reducing the depths of the melt pool and HAZ without severely inducing large displacement and residual stresses.