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Korean Housing Pension Calculator 2026

The Housing Pension (주택연금) is South Korea's government-backed reverse mortgage: keep living in your home and receive a monthly payment for life. Enter the younger spouse's age and your home value to instantly see the estimated monthly payment, based on the official Korea Housing Finance Corporation (KHFC) table.

1. Housing type Each type has its own payment table. Apartments and detached houses count as standard homes.

Standard home Senior welfare housing Residential officetel

2. Age of the younger spouse 70 The monthly payment is set by the younger spouse's age. Move the slider or type the age directly.

yrs

3. Home value (market price basis) The payment is set by market price or appraised value, not the officially assessed value. For apartments, Korea Real Estate Board / KB market prices apply; for other homes, an appraisal. Enter the value in units of ₩100 million (so ₩300 million = 3).

× ₩100M

Estimated monthly payment (lifetime · level payment)

₩923,000

Age 70 · ₩300M home · Standard home

Estimated monthly paymentOfficial KHFC example table (effective Mar 1, 2026) applied	₩923,000
One year of paymentsMonthly payment × 12 months	₩11,076,000
Total received by age 90Simple sum over 20 years, from age 70 to 90	₩221,520,000

Eligibility check Answer the three questions below. If any one does not apply, joining may be difficult or require further confirmation.

Is at least one spouse 55 or older? For eligibility, only one spouse needs to be over 55. The payment amount alone is based on the younger spouse.

Yes No

Is the couple's combined officially assessed value ₩1.2 billion or less? Multiple-home owners also qualify if the combined assessed value is ₩1.2 billion or less. Note this assessed value (gongsigagyeok) is different from the market price used to calculate the payment above.

Yes No Not sure

Do you actually live in the home you would enroll? (registered residence included) If KHFC recognizes a reason — such as hospitalization for treatment, long-term stay to care for family, or moving into a senior residential welfare facility — a couple owning one home in total may join without living there.

Yes No

Monthly payments at a glance (standard homes) Lifetime · level payment. Unit: ₩1,000 per month. The full table is on the guide page.

Younger spouse's age	₩200M	₩300M	₩500M	₩700M
55	312	468	780	1,092
60	421	632	1,053	1,475
65	505	758	1,264	1,770
70	615	923	1,539	2,155
75	762	1,143	1,906	2,669
80	966	1,449	2,416	3,382

Check before you rely on this. This calculator is an estimate based on the Korea Housing Finance Corporation's official example payment table (effective March 1, 2026). The actual monthly payment depends on your home's market price / appraised value at the time of application and the table KHFC applies then. Ages not in the table (such as 56–59) and prices between the ₩100M steps are linearly interpolated between table points, so they may differ slightly from the actual amount; ages over 80 and values over ₩1.2 billion are not calculated because the official example table does not cover them. The pension you receive accumulates into the loan balance together with the upfront guarantee fee (1.0% of the home value), annual guarantee fees, and loan interest; the total received by age 90 is a simple sum of payments before interest and fees are deducted.

New to the Housing Pension? Start with the eligibility guide →

Sources for payments and eligibility: Korea Housing Finance Corporation website, "Monthly payment examples" (lifetime · level payment, effective March 1, 2026) and the "About the Housing Pension" eligibility guidance. Last verified October 21, 2026. For your exact personal amount, use KHFC's expected pension lookup on its website or call the customer center (1688-8114).

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Frequently asked questions

Q. From what age can you join the Housing Pension?
You can join if one spouse is 55 or older and one spouse is a South Korean national. However, the monthly payment amount is calculated on the age of the younger spouse.

Q. At age 70 with a home worth ₩300 million, how much do you receive per month?
For a standard home under the lifetime, level-payment option, ₩923,000 per month (Korea Housing Finance Corporation official example table, effective March 1, 2026). It differs by housing type: ₩789,000 for senior welfare housing and ₩746,000 for a residential officetel.

Q. What is the difference between the officially assessed value used for eligibility and the market price used for the payment?
Eligibility is determined by the couple's combined officially assessed value (gongsigagyeok), which must be ₩1.2 billion or less. The monthly payment is based on the market price recognized by KHFC (for apartments, Korea Real Estate Board or KB market prices; otherwise an appraised value). Because the two prices differ, confusing them will throw off your estimate.

Q. When both spouses pass away, how are the home and pension settled?
The heirs sell the home and repay the loan balance — the pension received plus interest and guarantee fees. Any amount remaining goes to the heirs. Even if the home is worth less than the balance, the shortfall is never claimed from the heirs.