Home Loan Interest Manager - Rounding Errors

Rounding Errors

There are many different ways to round the numbers in financial calculations, including rounding up, rounding down, no rounding, rounding to the nearest currency unit, rounding daily, rounding monthly, etc.

In order to maintain the most accurate calculation possible, Home Loan Interest Manager Pro:

1. Does not round any figures during internal calculations.
2. Rounds the final estimated figures to the number of decimal places you have selected under the user Options.

If your loan provider uses a different rounding technique, then the interest checker and refund calculator reports will display a slight difference on most of your interest transactions.

If you decide the errors on the report are due to rounding, then you can set the Manual Estimate Adjustment amount on each interest transactions to the reported difference. This will ensure they do not appear as errors the next time you run the interest checker and refund calculator report.