These utilities are provided by Util Monster (util.monster) - util.monster
What is Jeonse/Monthly Rent Calculator?
A tool to convert Jeonse deposit to monthly rent or calculate Jeonse deposit from monthly rent. Provides accurate results using legal conversion rates. Useful for determining appropriate deposit and rent amounts when signing lease contracts.
KRW
KRW
%
Conversion Result
Remaining Deposit
100M
Monthly Rent
66.70K
Total Annual Rent
8000K
Applied Rate
4.0%
66.70K
KRW
KRW
%
Conversion Result
Current Deposit
100M
Converted Deposit from Rent
200M
Total Annual Rent
8000K
Applied Rate
4.0%
Total Jeonse Deposit Equivalent
300M
What is the Conversion Rate?
β’ The interest rate applied when converting Jeonse deposit to monthly rent or vice versa.
β’ Legal conversion rate is Bank of Korea base rate + 2%, with a maximum of 4%.
β’ Formula: Monthly Rent = (Deposit Reduction Γ Rate) Γ· 12 months
β’ Reverse: Deposit = (Monthly Rent Γ 12 months) Γ· Rate