diff --git a/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/AdditionalMonthlySpend.tsx b/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/AdditionalMonthlySpend.tsx
index d78b34b0846..671f9520f5e 100644
--- a/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/AdditionalMonthlySpend.tsx
+++ b/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/AdditionalMonthlySpend.tsx
@@ -1,32 +1,10 @@
-import { instanceSizeSpecs } from 'data/projects/new-project.constants'
-import { useProjectContext } from 'components/layouts/ProjectLayout/ProjectContext'
-
-export const AdditionalMonthlySpend = () => {
-  const { project } = useProjectContext()
-
-  /**
-   * New project will have the same compute size and disk size as the original project
-   */
-  function getAdditionalMonthlySpend() {
-    const currentProjectComputeSize = project?.infra_compute_size
-    if (!currentProjectComputeSize) {
-      return null
-    }
-
-    if (currentProjectComputeSize === 'nano') {
-      return null
-    }
-
-    const additionalMonthlySpend = instanceSizeSpecs[currentProjectComputeSize]
-
-    return additionalMonthlySpend
-  }
-
-  const additionalMonthlySpend = getAdditionalMonthlySpend()
-  if (!additionalMonthlySpend) {
-    return null
-  }
+import { NewProjectPrice } from './RestoreToNewProject.utils'
 
+export const AdditionalMonthlySpend = ({
+  additionalMonthlySpend,
+}: {
+  additionalMonthlySpend: NewProjectPrice
+}) => {
   return (
     <div className="text-sm text-foreground-lighter border-t p-5">
       <p>
@@ -36,9 +14,21 @@ export const AdditionalMonthlySpend = () => {
           Project Settings &gt; Compute and Disk
         </span>
       </p>
-      <div className="flex justify-between text-foreground mt-2">
-        <p>Additional Monthly Compute + Disk Cost</p>
-        <p className="font-mono text-right text-brand">${additionalMonthlySpend.priceMonthly}</p>
+      <div className="flex flex-col gap-2 text-foreground mt-4">
+        <div className="flex justify-between">
+          <p>Additional Monthly Compute</p>
+          <p className="font-mono text-right text-light">${additionalMonthlySpend.computePrice}</p>
+        </div>
+        <div className="flex justify-between">
+          <p>Additional Monthly Disk</p>
+          <p className="font-mono text-right text-light">${additionalMonthlySpend.diskPrice}</p>
+        </div>
+        <div className="flex justify-between border-t pt-2">
+          <p>Total</p>
+          <p className="font-mono text-right text-brand">
+            ${additionalMonthlySpend.computePrice + additionalMonthlySpend.diskPrice}
+          </p>
+        </div>
       </div>
     </div>
   )
diff --git a/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/ConfirmRestoreDialog.tsx b/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/ConfirmRestoreDialog.tsx
index 3aa8006be67..cc5b5c40dfe 100644
--- a/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/ConfirmRestoreDialog.tsx
+++ b/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/ConfirmRestoreDialog.tsx
@@ -11,17 +11,20 @@ import {
   DialogTitle,
 } from 'ui'
 import { AdditionalMonthlySpend } from './AdditionalMonthlySpend'
+import { NewProjectPrice } from './RestoreToNewProject.utils'
 
 interface ConfirmRestoreDialogProps {
   open: boolean
   onOpenChange: (value: boolean) => void
   onSelectContinue: () => void
+  additionalMonthlySpend: NewProjectPrice
 }
 
 export const ConfirmRestoreDialog = ({
   open,
   onOpenChange,
   onSelectContinue,
+  additionalMonthlySpend,
 }: ConfirmRestoreDialogProps) => {
   const { project } = useProjectContext()
   const organization = useSelectedOrganization()
@@ -64,7 +67,7 @@ export const ConfirmRestoreDialog = ({
             </ul>
           </ul>
         </DialogSection>
-        <AdditionalMonthlySpend />
+        <AdditionalMonthlySpend additionalMonthlySpend={additionalMonthlySpend} />
         <DialogFooter>
           <Button type="outline" onClick={() => onOpenChange(false)}>
             Cancel
diff --git a/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/CreateNewProjectDialog.tsx b/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/CreateNewProjectDialog.tsx
index e795f55814b..62fbadd2ac0 100644
--- a/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/CreateNewProjectDialog.tsx
+++ b/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/CreateNewProjectDialog.tsx
@@ -30,6 +30,7 @@ import {
 } from 'ui'
 import { FormItemLayout } from 'ui-patterns/form/FormItemLayout/FormItemLayout'
 import { AdditionalMonthlySpend } from './AdditionalMonthlySpend'
+import { NewProjectPrice } from './RestoreToNewProject.utils'
 
 interface CreateNewProjectDialogProps {
   open: boolean
@@ -37,6 +38,7 @@ interface CreateNewProjectDialogProps {
   recoveryTimeTarget: number | null
   onOpenChange: (value: boolean) => void
   onCloneSuccess: () => void
+  additionalMonthlySpend: NewProjectPrice
 }
 
 export const CreateNewProjectDialog = ({
@@ -45,6 +47,7 @@ export const CreateNewProjectDialog = ({
   recoveryTimeTarget,
   onOpenChange,
   onCloneSuccess,
+  additionalMonthlySpend,
 }: CreateNewProjectDialogProps) => {
   const { project } = useProjectContext()
   const organization = useSelectedOrganization()
@@ -188,7 +191,7 @@ export const CreateNewProjectDialog = ({
                 )}
               />
             </DialogSection>
-            <AdditionalMonthlySpend />
+            <AdditionalMonthlySpend additionalMonthlySpend={additionalMonthlySpend} />
             <DialogFooter>
               <Button htmlType="reset" type="outline" onClick={() => onOpenChange(false)}>
                 Cancel
diff --git a/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/RestoreToNewProject.utils.ts b/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/RestoreToNewProject.utils.ts
new file mode 100644
index 00000000000..631b7500373
--- /dev/null
+++ b/apps/studio/components/interfaces/Database/Backups/RestoreToNewProject/RestoreToNewProject.utils.ts
@@ -0,0 +1,64 @@
+import { InfraInstanceSize } from 'components/interfaces/DiskManagement/DiskManagement.types'
+import {
+  calculateComputeSizePrice,
+  calculateDiskSizePrice,
+} from 'components/interfaces/DiskManagement/DiskManagement.utils'
+import { DiskType } from 'components/interfaces/DiskManagement/ui/DiskManagement.constants'
+import { instanceSizeSpecs } from 'data/projects/new-project.constants'
+import { PlanId } from 'data/subscriptions/types'
+
+/**
+ * @description
+ *  Calculates the monthly price for a new project based on the target volume size and compute size
+ *
+ * @param targetVolumeSizeGb - The target volume size in GB
+ * @param targetComputeSize - The target compute size
+ * @returns The disk price and compute price for the new project
+ */
+
+export type NewProjectPrice = {
+  diskPrice: number
+  computePrice: number
+}
+export function projectSpecToMonthlyPrice({
+  targetVolumeSizeGb,
+  targetComputeSize,
+  planId,
+  storageType,
+}: {
+  targetVolumeSizeGb: number
+  targetComputeSize: InfraInstanceSize
+  planId: PlanId
+  storageType: DiskType
+}): NewProjectPrice {
+  const diskPrice = calculateDiskSizePrice({
+    planId,
+    oldSize: 0,
+    oldStorageType: storageType,
+    newSize: targetVolumeSizeGb,
+    newStorageType: storageType,
+    numReplicas: 0,
+  })
+
+  const computePrice = calculateComputeSizePrice({
+    availableOptions: [
+      { identifier: targetComputeSize, price: getComputeHourlyPrice(targetComputeSize) },
+    ],
+    oldComputeSize: 'nano', // not used for r2np
+    newComputeSize: targetComputeSize,
+    plan: planId,
+  })
+
+  return {
+    diskPrice: Number(diskPrice.newPrice) || 0,
+    computePrice: Number(computePrice.newPrice) || 0,
+  }
+}
+
+function getComputeHourlyPrice(computeSize: InfraInstanceSize): number {
+  if (computeSize === 'nano') {
+    return 0
+  }
+
+  return instanceSizeSpecs[computeSize]?.priceHourly
+}
diff --git a/apps/studio/data/projects/clone-query.ts b/apps/studio/data/projects/clone-query.ts
index d7f0114e1b6..21b3df0adb8 100644
--- a/apps/studio/data/projects/clone-query.ts
+++ b/apps/studio/data/projects/clone-query.ts
@@ -2,6 +2,7 @@ import { get, handleError } from 'data/fetchers'
 import { projectKeys } from './keys'
 import { useQuery, UseQueryOptions } from '@tanstack/react-query'
 import { ResponseError } from 'types'
+import { InfraInstanceSize } from 'components/interfaces/DiskManagement/DiskManagement.types'
 
 export async function getCloneBackups(projectRef?: string) {
   if (!projectRef) throw new Error('Project ref is required')
@@ -17,7 +18,12 @@ export async function getCloneBackups(projectRef?: string) {
 export type CloneBackupsData = Awaited<ReturnType<typeof getCloneBackups>>
 export type CloneBackupsError = ResponseError
 
-export const useCloneBackupsQuery = <TData = CloneBackupsData>(
+export const useCloneBackupsQuery = <
+  TData = CloneBackupsData & {
+    target_volume_size_gb: number
+    target_compute_size: InfraInstanceSize
+  },
+>(
   { projectRef }: { projectRef?: string },
   options: UseQueryOptions<CloneBackupsData, CloneBackupsError, TData> = {}
 ) => {
diff --git a/apps/studio/pages/project/[ref]/database/backups/restore-to-new-project.tsx b/apps/studio/pages/project/[ref]/database/backups/restore-to-new-project.tsx
index ef9d807df68..63e72c315ae 100644
--- a/apps/studio/pages/project/[ref]/database/backups/restore-to-new-project.tsx
+++ b/apps/studio/pages/project/[ref]/database/backups/restore-to-new-project.tsx
@@ -30,6 +30,10 @@ import type { NextPageWithLayout } from 'types'
 import { Alert_Shadcn_, AlertDescription_Shadcn_, AlertTitle_Shadcn_, Badge, Button } from 'ui'
 import { Admonition, TimestampInfo } from 'ui-patterns'
 import Panel from 'components/ui/Panel'
+import { projectSpecToMonthlyPrice } from 'components/interfaces/Database/Backups/RestoreToNewProject/RestoreToNewProject.utils'
+import { useDiskAttributesQuery } from 'data/config/disk-attributes-query'
+import { DiskType } from 'components/interfaces/DiskManagement/ui/DiskManagement.constants'
+import { InfraInstanceSize } from 'components/interfaces/DiskManagement/DiskManagement.types'
 
 const RestoreToNewProjectPage: NextPageWithLayout = () => {
   return (
@@ -86,6 +90,11 @@ const RestoreToNewProject = () => {
   const PHYSICAL_BACKUPS_ENABLED = project?.is_physical_backups_enabled
   const dbVersion = getDatabaseMajorVersion(project?.dbVersion ?? '')
   const IS_PG15_OR_ABOVE = dbVersion >= 15
+  const targetVolumeSizeGb = cloneBackups?.target_volume_size_gb
+  const targetComputeSize = cloneBackups?.target_compute_size
+  const planId = subscription?.plan?.id ?? 'free'
+  const { data } = useDiskAttributesQuery({ projectRef: project?.ref })
+  const storageType = data?.attributes?.type ?? 'gp3'
 
   const {
     data: cloneStatus,
@@ -310,6 +319,13 @@ const RestoreToNewProject = () => {
     )
   }
 
+  const additionalMonthlySpend = projectSpecToMonthlyPrice({
+    targetVolumeSizeGb: targetVolumeSizeGb ?? 0,
+    targetComputeSize: targetComputeSize ?? 'nano',
+    planId: planId ?? 'free',
+    storageType: storageType as DiskType,
+  })
+
   return (
     <div className="flex flex-col gap-4">
       <ConfirmRestoreDialog
@@ -319,11 +335,13 @@ const RestoreToNewProject = () => {
           setShowConfirmationDialog(false)
           setShowNewProjectDialog(true)
         }}
+        additionalMonthlySpend={additionalMonthlySpend}
       />
       <CreateNewProjectDialog
         open={showNewProjectDialog}
         selectedBackupId={selectedBackupId}
         recoveryTimeTarget={recoveryTimeTarget}
+        additionalMonthlySpend={additionalMonthlySpend}
         onOpenChange={setShowNewProjectDialog}
         onCloneSuccess={() => {
           refetchCloneStatus()