Japanese Yen Home Loan vs Australian Dollar Home Loan - Calculations
Below is a simple caclulator that compares the cost of taking a Japanese yen home loan out with the Tokyo branch of an
Australian bank such as ANZ or NAB to the cost of an Australian currency home loan to buy property in Australia.
Stamp duty is calculated for property in Queensland where as of January 2010, properties valued at $500,000
or less are exempt from stamp duty.
Loan in Japanese Yen
Total Cost of Property
| Cost of property |
¥42,900,000 |
| Building/pest inspection |
¥46,800 |
| Legal fees |
¥117,000 |
| Mortgage registration fee |
¥9,688 |
| Transfer fee |
¥82,524 |
| Stamp duty on property |
¥819,000 |
| Buyers agent fee |
¥0 |
| Loan application fee |
¥115,000 |
| Total |
($565,257) ¥44,090,012 |
Money Required
| Deposit (30% required) |
($165,000) ¥12,870,000 |
| Fees |
¥1,190,012 |
| First home buyers grant |
¥0 |
| Total |
($180,257) ¥14,060,012 |
Amount paid over lifetime of loan
| Principle payment JPY (100%) |
¥30,030,000 |
| Principle payment AUD (0%) |
$0 |
| Interest payment JPY |
¥10,744,491 |
| Interest payment AUD |
$0 |
| Total |
($522,750) ¥40,774,491 |
Monthly Repayments
| Interest rate |
2.15% |
| Principle payment JPY (100%) |
¥83,417 |
| Principle payment AUD (0%) |
$0 |
| Interest payment JPY |
¥29,846 |
| Interest payment AUD |
$0 |
| Total |
($1,452) ¥113,263 |
Risk - Interest Rates Rise
| Interest rate changes to 2.65% |
($1,551) ¥121,010 |
| Interest rate changes to 3.15% |
($1,654) ¥129,050 |
Benefits - Interest Rates Drop
| Interest rate changes to 1.9% |
($1,404) ¥109,501 |
| Interest rate changes to 1.65% |
($1,357) ¥105,815 |
Margin Call Rates
| Margin call at 75% of property value with 30% deposit |
AUD$1 = ¥73 |
| Close out at 80% of property value with 30% deposit |
AUD$1 = ¥68 |
Dollar Decreases 10%
| Loan increases to |
($441,618) ¥30,030,000 |
| 30% of value required increases to |
($143,846) ¥11,220,000 |
| Monthly repayment adjustments |
($1,666) ¥113,263 |
Dollar Increases 10%
| Loan decreases to |
($341,250) ¥30,030,000 |
| 30% of value required decreases to |
($186,154) ¥14,520,000 |
| Monthly repayment adjustments |
($1,287) ¥113,263 |
Loan Spilt JPY (50%) / AUD (50%)
Total Cost of Property
| Cost of property |
¥42,900,000 |
| Building/pest inspection |
¥46,800 |
| Legal fees |
¥117,000 |
| Mortgage registration fee |
¥9,688 |
| Transfer fee |
¥82,524 |
| Stamp duty on property |
¥819,000 |
| Buyers agent fee |
¥0 |
| Loan application fee |
¥115,000 |
| Total |
($565,257) ¥44,090,012 |
Money Required
| Deposit (30% required) |
($165,000) ¥12,870,000 |
| Fees |
¥1,190,012 |
| First home buyers grant |
¥0 |
| Total |
($180,257) ¥14,060,012 |
Amount paid over lifetime of loan
| Principle payment JPY (50%) |
¥15,015,000 |
| Principle payment AUD (50%) |
$192,500 |
| Interest payment JPY |
¥5,372,425 |
| Interest payment AUD |
$254,578 |
| Total |
($708,455) ¥55,259,509 |
Monthly Repayments
| Interest rate |
JPY: 2.15% | AUD: 6.7% |
| Principle payment JPY (50%) |
¥41,708 |
| Principle payment AUD (50%) |
$535 |
| Interest payment JPY |
¥14,923 |
| Interest payment AUD |
$707 |
| Total |
($1,968) ¥153,519 |
Risk - Interest Rates Rise
| Interest rates rise by 1% |
($2,200) ¥171,576 |
| Interest rates rise by 2% |
($2,443) ¥190,575 |
Benefits - Interest Rates Drop
| Interest rates drop by 0.5% |
($1,857) ¥144,869 |
| Interest rates drop by 1% |
($1,750) ¥136,483 |
Margin Call Rates
| Margin call at 75% of property value with 30% deposit |
AUD$1 = ¥68 |
| Close out at 80% of property value with 30% deposit |
AUD$1 = ¥61 |
Loan in Australian Dollars
Total Cost of Property
| Cost of property |
$550,000 |
| Building/pest inspection |
$600 |
| Legal fees |
$1,500 |
| Mortgage registration fee |
$124 |
| Transfer fee |
$1,058 |
| Stamp duty on property |
$10,500 |
| Buyers agent fee |
$0 |
| Loan application fee |
$700 |
| Total |
(¥43,975,012) $563,782 |
Money Required
| Deposit (20% required) |
(¥8,580,000) $110,000 |
| Fees |
$13,782 |
| First home buyers grant |
$0 |
| Total |
(¥9,655,012) $123,782 |
Amount paid over lifetime of loan
| Principle payment JPY (0%) |
¥0 |
| Principle payment AUD (100%) |
$440,000 |
| Interest payment JPY |
¥0 |
| Interest payment AUD |
$582,200 |
| Total |
(¥79,731,600) $1,022,200 |
Monthly Repayments
| Interest rate |
6.7% |
| Principle payment JPY (0%) |
¥0 |
| Principle payment AUD (100%) |
$1,222 |
| Interest payment JPY |
¥0 |
| Interest payment AUD |
$1,617 |
| Total |
(¥221,459) $2,839 |
Risk - Interest Rates Rise
| Interest rate changes to 7.7% |
(¥244,688) $3,137 |
| Interest rate changes to 8.7% |
(¥268,771) $3,446 |
Benefits - Interest Rates Drop
| Interest rate changes to 5.7% |
(¥199,193) $2,554 |
| Interest rate changes to 4.7% |
(¥177,996) $2,282 |