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)

Total Jeonse Deposit

KRW

Loan Amount (0 if none)

KRW

Loan Interest Rate (Annual)

Wolse (Monthly Rent)

Wolse Deposit

KRW

Monthly Rent

KRW

Monthly Maintenance Fee

KRW

Opportunity Cost Settings

Include the potential interest income lost by keeping your money in a deposit. (Higher rates often favor Wolse)

Market Savings Rate

2-Year Analysis Result

Please Enter Info

Total Jeonse Cost 0 KRW

Total Wolse Cost 0 KRW

Equiv. Monthly Cost (Jeonse) 0 KRW

Equiv. Monthly Cost (Wolse) 0 KRW

Decision Tip

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.

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What is the difference between Jeonse and Wolse?

Jeonse is a lump-sum deposit system where you pay a large deposit (50-80% of property value) with no monthly rent. Wolse is monthly rent with a smaller deposit.

Which is cheaper: Jeonse or Wolse?

It depends on loan rates, savings rates, and your cash situation. Use this calculator to compare total 2-year costs including opportunity cost of tied-up funds.

What is opportunity cost in housing?

The interest you could earn if your Jeonse deposit were invested instead. If savings rates are high, Wolse may be more cost-effective.

Can foreigners get Jeonse loans?

Yes, but eligibility depends on visa type (F-2, F-4, F-5, F-6 have best options). Check with major banks as criteria vary.