This paper presents a method for evaluating interior permanent magnet synchronous motor (IPMSM) performance over the entire operation region. Using a d-q axis equivalent circuit model consisting of motor parameters such as the permanent magnetic flux, copper resistance, core loss resistance, and d-q axis inductance, a conventional mathematical model of an IPMSM has been developed. It is well understood that in IPMSMs, magnetic operating conditions cause cross saturation and that the iron loss resistance − upon which core losses depend − changes according to the motor speed; for the sake of convenience, however, d-q axis machine models usually neglect the influence of magnetic cross saturation and assume that the iron loss resistance is constant. This paper proposes an analysis method based on considering a magnetic cross saturation and estimating a core loss resistance that changes with the operating conditions and speed. The proposed method is then verified by means of a comparison between the computed and the experimental results.