Enter your existing deposit and monthly rent, the deposit you want to convert to, and the statutory conversion rate (%) to calculate the appropriate monthly rent after conversion and the deposit needed to convert your rent into deposit.
Enter all the details above to calculate the result.
Appropriate monthly rent = existing monthly rent + (existing deposit − target deposit) × conversion rate ÷ 12. Deposit needed (rent converted to deposit) = existing deposit + existing monthly rent × 12 ÷ conversion rate. The statutory conversion rate depends on the Bank of Korea base rate and the Housing Lease Protection Act enforcement decree at the time of the contract, so check the latest published rate before entering it. This is an estimate for reference only, not legal or financial advice.