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How it works
- Equal installments: the same payment every month; most Korean mortgages use this.
- Equal principal: higher payments at first, but less total interest.
- Bullet: interest only each month and the whole principal at the end — common for jeonse loans and credit lines.
FAQ
What is the monthly payment on ₩100M over 30 years at 4.5%?
About ₩506,700 a month with equal installments.
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