This study is to test insulation mortar mixed with wastepaper and sawdust to find out its insulation performance. Therefore, wastepaper and sawdust have been added to normal mortar. They are analyzed for the above purpose using compressive strength and insulation performance. It is found that the more wastepaper and sawdust will be mixed, the lower heat conductivity will be taken. Wastepaper and sawdust mixture will be more 2.0% then the insulation mortar quality can be compatible with the 3rd kind of the standard. Optimal mixture for insulation will be wast paper:sawdust=4:6. Cohesive test of materials showed that test material has stronger than stand are $0.10N/mm^2$. It is satisfactory the test result showed a range of $0.12{sim}0.15N/mm^2$ from the test result. Optimal mixture of wastepaper and sawdust have been found out from the study comprehensively, exclusive of the proportion of wastepaper:sawdust = 8:2. It is thought that standard of length deformation; 0.5% is reasonable. This means that deformation of mortar itself can be considered. But it is also Shown that water mixture has also been sharply changed at first flow test. Therefore, it is thought that absorbed water content in the material gave considerable effect to variation rate.