For the target goal of Zero-energy House construction in 2025, the government announced that the insulation regulations will be continuously enhanced. It has been predicted that high-performance insulation materials, such as vacuum insulation panel (VIP), should be used to decrease the thickness of outer walls. The aim of this study was to evaluate the performance of adhesively fixed external insulation and finish system (EIFS) with VIP. The energy performance of a base model with conventional internal insulation system and three alternatives of EIFS with VIP were analyzed by three-dimensional heat transfer simulation. Construction cost and convenience of each alternative were also evaluated and compared. As results, effective alternatives in terms of each performance as well as overall performance considering the weighting factors of each performance were suggested.