Korea Housing Pension (Reverse Mortgage) Estimated Payout Calculator

Enter your age (the younger spouse's age, if applicable) and your home's value to estimate your monthly payout under Korea's Housing Pension lifetime fixed-payment plan.

Enter your age and home value to estimate your payout.

About Korea's housing pension (reverse mortgage)

Korea's housing pension (주택연금), operated by the Korea Housing Finance Corporation (HF), is a government-backed reverse mortgage that lets homeowners aged 55 and up convert their home equity into a guaranteed monthly income for life, while continuing to live in the home — the home is used as collateral and settled only after the homeowner passes away or otherwise ends the arrangement. This tool estimates your expected monthly payout based on your age and home value.

How the monthly payout is estimated

HF publishes official payout tables showing the monthly amount per 100 million KRW of home value at specific reference ages (55, 60, 65, 70, 75, 80), for the standard whole-life, fixed-amount payout plan. This calculator linearly interpolates between the two nearest published reference ages for ages that fall between them, and extrapolates from the 80-year-old rate for ages above 80, then scales that per-100-million rate to your actual entered home value to estimate your monthly payout.

Frequently asked questions

Why does starting at an older age result in a higher monthly payment?
Since the program is designed to pay out for the rest of your life from whichever age you start, and statistically fewer years of payments are expected for someone starting at an older age, HF's payout tables set a higher monthly amount per unit of home value at older starting ages to keep the arrangement actuarially balanced.
What happens to the home when the homeowner passes away?
The home is typically sold (or the family can choose to pay off the accumulated balance instead of selling) to settle what HF has paid out over the years; if the home's eventual sale value exceeds what was paid out, the difference goes to the estate/heirs, while HF absorbs the shortfall if the payout total exceeds the home's value, so heirs are never required to cover a deficit.
Is this the only payout structure available?
No — this calculator specifically models the standard whole-life, fixed-monthly-amount plan, which is the most commonly chosen option, but HF also offers variants like front-loaded payouts (higher amounts in early years) or plans that reserve a portion of home value for a lump-sum need, which would produce different monthly figures than shown here.