Rent vs Buy Calculator
Compare the long-term financial impact of renting versus buying a home in Japan, factoring in taxes, fees, and depreciation.
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Frequently Asked Questions
What are typical mortgage rates in Japan?
Very low mortgage rates (0.3-0.8% variable, around 3.2% fixed for Flat 35).
What is the typical down payment?
Usually 10-20%, though some banks offer 0% down for permanent residents.
How does building depreciation work?
In Japan, buildings depreciate to near-zero over their statutory life (22 years for wooden, 47 years for concrete). Only the land retains value.
What are acquisition costs?
Broker fees, registration taxes, and loan fees usually total around 7% of the property purchase price.
Should I choose fixed or variable rate?
Variable rate mortgages (~0.3-0.8%) are currently cheaper but carry interest rate risk. Fixed-rate Flat 35 loans currently run ~2.5-3.5% and provide stability.
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This is a simplified estimate for informational purposes only. Actual rates, taxes, or outcomes may vary. Consult a professional before making financial decisions.