Mortgage fees comparison

The fee models

Two broad models dominate. A percentage-fee product charges an origination fee — frequently 2.20% of principal, which is ¥1.10 million on a ¥50 million loan — and often has no separate guarantee fee. A guarantee-company model may charge the guarantee fee upfront, load it into the rate, or waive it in exchange for a higher origination fee. Because "no guarantee fee" and "no origination fee" can each hide cost elsewhere, always compare the total of all fees plus interest over your expected holding period.

The other costs to compare

Beyond origination and guarantee fees, add the appraisal fee, registration and license tax (based on the assessed value or secured amount and any relief), and judicial-scrivener fees at closing. Check the early-repayment charge, which matters most if you might sell or refinance within a few years. A nominally lower rate paired with a large fee can be the more expensive loan for a short holding period, so calculate the internal cost over the years you actually expect to hold the loan.

Key points to carry away: Percentage origination fees are often 2.20% of principal; "No guarantee fee" may mean a higher percentage fee or a rate-loaded cost; Add appraisal, registration and license tax, and judicial-scrivener fees; Check early-repayment charges, especially if you may sell or refinance soon. Use the linked guides and calculators for the full decision, and confirm anything material with the lender, a licensed broker, a judicial scrivener, or a tax accountant before you act.