Jeonse vs. Wolse Optimizer
Transparently compare your total 2-year housing costs, including
loan interest, rent, and Opportunity Cost of your
deposit.
Jeonse (Deposit Only)
Wolse (Monthly Rent)
Include the potential interest income lost by keeping your money in a deposit. (Higher rates often favor Wolse)
Low interest rates favor Jeonse, while high savings rates or low rent favor Wolse.
1 Choosing Between Jeonse and Wolse
When choosing a housing type in Korea, you shouldn't just compare "monthly rent" with "loan interest." The most common trap is Opportunity Cost. If the hundreds of millions of won tied up in a Jeonse deposit were in a savings account, how much interest would you earn?
This calculator automatically adds the Opportunity Cost of your cash based on current market rates, giving you the true total cost of residency over a standard 24-month contract.
2 Jeonse Facts for Foreign Residents
Loan Eligibility
For foreigners, Jeonse loan eligibility and limits depend heavily on your visa type (F-2, F-4, F-5, F-6, etc.). F-4 or E-series holders should check with major banks in advance as criteria vary.
Deposit Insurance
Always verify if a property is eligible for Jeonse Deposit Return Insurance (HUG, HF). Foreigners with a valid Registration Card (ARC) can apply, and it is the best way to protect your deposit.