Real Estate Calculators(20)
Area conversion, lease loans, acquisition tax and more
Pyeong Converter
Convert between Pyeong and square meters (㎡).
Jeonse Loan Calculator
Calculate lease deposit loan limits and interest.
Acquisition Tax Calculator
Calculate acquisition tax for real estate purchases.
Mortgage Calculator
Calculate monthly mortgage payments and total interest.
Rent vs Jeonse Calculator
Compare total costs between monthly rent and Jeonse deposit.
Monthly Rent Conversion Calculator
Convert between Jeonse deposit and monthly rent amounts.
Maintenance Fee Calculator
Calculate apartment maintenance fee by category.
DSR Calculator
Calculate Debt Service Ratio.
LTV Calculator
Calculate Loan-to-Value ratio.
Registration Tax Calculator
Calculate registration tax.
Real Estate Yield Calculator
Calculate real estate investment returns.
Reconstruction Calculator
Calculate reconstruction contribution.
Moving Cost Calculator
Calculate moving costs.
Charter Deposit Calculator
Prepare for charter deposit return.
Real Estate Brokerage Commission Calculator
Calculate real estate brokerage commission and VAT for sale, jeonse, and monthly rent.
Housing Subscription Points Calculator
Calculate housing subscription points based on homeless period, dependents, and savings account period.
Registration Cost Calculator
Calculate total registration costs including acquisition tax, bonds, and legal fees.
Newborn Special Loan Calculator
Check newborn special loan interest rate, monthly payment, and eligibility.
Housing Bond Calculator
Calculate housing bond purchase amount and discount cost for property transactions.
Rental Yield Calculator
Calculate rental yield, cap rate, and monthly net income for investment properties.
Overview
Korean real estate transactions involve a wide range of calculations including area conversion (pyeong to square meters), acquisition tax, brokerage commissions, jeonse (lump-sum deposit) loans, DSR, and LTV ratios. Acquisition tax rates vary from 1% to 12% depending on the number of homes owned and whether the property is in a regulated area. Brokerage commission caps differ by transaction type (sale, jeonse, monthly rent) and price bracket. When applying for jeonse loans, you must verify both the LTV (Loan-to-Value) ratio and DSR (Debt Service Ratio), including the strengthened stress DSR regulations effective from 2024. Registration costs also include housing bond purchases, judicial scrivener fees, and registration license tax on top of acquisition tax, adding up to significant ancillary expenses. CalKit's real estate calculators help you handle all these complex calculations quickly and accurately in one place.
Tips
- ✔Apartment area in Korea distinguishes between 'exclusive area' (actual living space) and 'supply area' (including common areas). Convert pyeong using exclusive area. 1 pyeong equals approximately 3.3058 square meters.
- ✔Acquisition tax rates vary significantly based on the number of homes you own, not just the property price. Single-home owners pay 1-3%, while second-home owners in regulated areas may pay 8%, and three or more homes can face up to 12%.
- ✔Brokerage commissions have legally mandated caps. You can refuse overcharges. For property sales between 500 million and 900 million KRW, the maximum commission rate is 0.4%.
- ✔Check the DSR 40% regulation when applying for jeonse loans. The calculation includes principal and interest payments from all existing loans relative to your annual income.
- ✔Total registration costs include acquisition tax, housing bond discount costs, judicial scrivener fees, and registration license tax. For a 600 million KRW apartment, expect approximately 8-12 million KRW in total.
- ✔Housing bonds (National Housing Bonds) are typically sold at a discount immediately after purchase. The discount rate fluctuates with market interest rates, so check on the day of registration.
- ✔The Newborn Special Loan offers interest rates around 1% for households with newborns, but you must meet both income and asset eligibility requirements.
- ✔When calculating rental yield, always use net yield by deducting operating costs such as vacancy rates, maintenance fees, repair costs, and property taxes.
FAQ
Q. How do I convert between pyeong and square meters?
One pyeong equals approximately 3.3058 square meters. To convert square meters to pyeong, divide the value by 3.3058. For example, an exclusive area of 84 square meters is about 25.4 pyeong. In Korean real estate listings, '84 exclusive' means 84 square meters of exclusive area (about 25 pyeong).
Q. How much is the real estate acquisition tax in Korea?
Acquisition tax rates depend on the number of homes owned and location. For single-home owners: 1% for properties up to 600 million KRW, 1-3% for 600-900 million KRW, and 3% above 900 million KRW. Second-home owners in regulated areas pay 8%, and owners of three or more homes pay 12%. Local education tax and special rural development tax are charged additionally.
Q. How are real estate brokerage commissions calculated?
Brokerage commissions follow legally mandated maximum rates based on transaction type and price. For property sales: 0.5% for under 200 million KRW, 0.4% for 200-600 million KRW, and 0.5% for 600-900 million KRW. Jeonse transactions have separate rates. VAT (10%) may be added. You can negotiate within the maximum rate limits.
Q. What is DSR and why is it important?
DSR (Debt Service Ratio) is the ratio of total annual principal and interest payments on all financial debts to annual income. Most financial institutions restrict lending when DSR exceeds 40%. Since 2024, stress DSR has been applied, factoring in interest rate increase scenarios, which may further reduce actual borrowing limits.
Q. How does LTV affect my borrowing limit?
LTV (Loan-to-Value) is the maximum loan amount as a percentage of the property value. It varies by regulated area status and property price. Typically, for first-time buyers: 70% in non-regulated areas and 50% in regulated areas. For example, with 70% LTV on a 500 million KRW apartment, the maximum loan amount is 350 million KRW.
Q. What is jeonse deposit return guarantee insurance?
Jeonse deposit return guarantee insurance (from HUG or SGI) covers tenants if the landlord fails to return the deposit at lease expiration. It is especially important for properties with high jeonse-to-price ratios. The premium is around 0.1-0.2% annually. Always complete your move-in registration and obtain a confirmed date stamp.
Q. What costs are included in property registration?
Property registration costs include acquisition tax (with local education tax and special rural development tax), housing bond discount costs, registration license tax, judicial scrivener fees, and stamp duty. For a single-home owner purchasing a 500 million KRW property, total registration costs are approximately 6-9 million KRW. Multi-home owners face much higher costs due to heavy acquisition tax surcharges.
Related Categories
Closely linked to real estate financing calculations including loan interest, principal repayment, and investment returns.
Essential for calculating real estate-related taxes including acquisition tax, capital gains tax, comprehensive property tax, and rental income tax.
Includes unit conversions frequently used in real estate such as pyeong-to-square-meter and area unit calculations.