Mortgage Loan IRR Calculator

Name: Mortgage Loan IRR Calculator
Works on: windows

Windows XP and above

Version: 1
Last Updated: 27 Apr 2017
Release: 27 Jan 2015
Category: Business > Productivity

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Mortgage Loan IRR Calculator Tags

productivity calculators mortgage loan calculator

Mortgage Loan IRR Calculator Details

Rating: 2.434782608 out of 5 based on 23 user ratings

Downloads: 1588
License: Free

Mortgage Loan IRR Calculator is a free software by Shahed Ahmmed and works on Windows 10, Windows 8.1, Windows 8, Windows 7, Windows XP, Windows 2000, Windows 2003, Windows 2008, Windows Vista, Windows 2012.
You can download Mortgage Loan IRR Calculator which is 57.34 KB in size and belongs to the software category Productivity.
Mortgage Loan IRR Calculator was released on 2015-01-27 and last updated on our database on 2017-04-27 and is currently at version 1.

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Mortgage Loan IRR Calculator Description

If you are an MBA student having Real Estate Finance as one of the major courses, you are familiar to the difficulties in calculating the IRR of mortgage loans. Excel 2003 cannot solve these IRRs, and sometimes provides inaccurate results. Having a financial calculator is perhaps the best option. However, if you do not have a financial calculator, you may try out this program.

This Windows based program calculates the IRR (internal rate of return) of mortgage loan with good accuracy. It only works for EMI or equal monthly installment loans (also known as CPM or constant payment mortgage), which is the most common type of mortgage loan. This software should not be used for CAM (constant amortization mortgage, which is far less common) loans, because that kind of loan requires a completely different formula to find out their IRR.

It requires these variables to find out the IRR: (1) Net PV or NPV, (2) loan maturity in month, (3) monthly payment or installment, and (4) Loan Closing Fees.