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South Korea · KRW

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HomeCalc

Mortgage calculator for South Korea

See what you pay each month, and how the payment moves when the rate changes.

No local legal figures for South Korea

HomeCalc has no data on fees, taxes or lending limits in South Korea. The loan maths and KRW formatting still work. Every fee starts at 0: enter your own, then check them with your lender or a local adviser.

Your loan

Example values: replace them with your own.

₩
₩
20% of the price · Loan ₩328,000,000
years
240 months
Interest rates
%
months
%
Base rate plus margin, as your bank quotes it
Repayment method

The same payment every month within each rate period

Prepayment
₩
%
Default in month 24: 0% of the amount prepaid. Change it to match your loan contract.
After prepaying

Results

Monthly payment

₩1,987,615

South Korea · KRW · Basic: fees entered by you

Highest payment
₩1,987,801
Total interest
₩149,027,786
Total paidPrincipal plus interest
₩477,027,786

Note

HomeCalc works out the loan and adds up the fees you enter. It provides no legal figures for South Korea: no fees, taxes or lending limits. It is not financial, legal or tax advice. Before you decide, check every figure with your lender or a licensed adviser in South Korea. This site never stores the numbers you enter; they live only in the page address.

The monthly rate is the annual rate spread evenly over the months; amounts are rounded to the smallest unit of KRW. Lenders in South Korea may work out interest differently.

The link carries only the numbers you entered. The site keeps no copy of them.

Next: home-buying costs

Interest and principal by year

  • Interest
  • Principal
  • Monthly payment
Interest and principal by yearStacked bars for 20 years showing interest and principal paid each year, with a line for the monthly payment, starting at ₩1,987,615. Exact figures are in the schedule table.Year 1: interest ₩12,921,056, principal ₩10,930,324Year 2: interest ₩12,475,738, principal ₩11,375,642Year 3: interest ₩12,012,275, principal ₩11,839,105Year 4: interest ₩11,529,934, principal ₩12,321,446Year 5: interest ₩11,027,938, principal ₩12,823,442Year 6: interest ₩10,505,491, principal ₩13,345,889Year 7: interest ₩9,961,760, principal ₩13,889,620Year 8: interest ₩9,395,874, principal ₩14,455,506Year 9: interest ₩8,806,935, principal ₩15,044,445Year 10: interest ₩8,194,003, principal ₩15,657,377Year 11: interest ₩7,556,095, principal ₩16,295,285Year 12: interest ₩6,892,200, principal ₩16,959,180Year 13: interest ₩6,201,258, principal ₩17,650,122Year 14: interest ₩5,482,166, principal ₩18,369,214Year 15: interest ₩4,733,772, principal ₩19,117,608Year 16: interest ₩3,954,893, principal ₩19,896,487Year 17: interest ₩3,144,282, principal ₩20,707,098Year 18: interest ₩2,300,638, principal ₩21,550,742Year 19: interest ₩1,422,631, principal ₩22,428,749Year 20: interest ₩508,847, principal ₩23,342,719per yearper month6 million12 million18 million24 million800,0001.6 million2.4 millionYear 66Year 1212Year 1818

Year

Show what happens if rates rise

If the floating rate rises

The promotional period stays the same; only the floating rate goes up.

Show yearly schedule

Yearly schedule

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