Mortgage Calculator Ireland
This mortgage calculator for Ireland shows your monthly repayment and how much you can borrow under the Central Bank rules. Put in the price, your deposit and your gross income, and it checks both limits for you.
Last verified · Methodology
Your purchase
Repayments and borrowing limits
Monthly repayment
€1,718.70
Mortgage amount
€360,000
- Total interest over the term
- €258,730
- Total repaid
- €618,730
- Loan-to-value
- 90.0%
- Income limit (4 x income)
- €360,000
- Value limit (90% of price)
- €360,000
- Most you can borrow under the rules
- €360,000
- Within the Central Bank loan-to-income limit.
- Deposit meets the 10% minimum.
Repayments assume a fixed rate for the full term. Lenders also look at your existing debts and repayment capacity. Not financial advice.
| Gross income | First-time buyer (4x) | Monthly | Second buyer (3.5x) | Monthly |
|---|---|---|---|---|
| €50,000 | €200,000 | €954.83 | €175,000 | €835.48 |
| €60,000 | €240,000 | €1,145.80 | €210,000 | €1,002.57 |
| €80,000 | €320,000 | €1,527.73 | €280,000 | €1,336.76 |
| €100,000 | €400,000 | €1,909.66 | €350,000 | €1,670.95 |
| €120,000 | €480,000 | €2,291.59 | €420,000 | €2,005.14 |
The Central Bank mortgage measures
Every lender in Ireland works within two limits set by the Central Bank. The current version has applied since 1 January 2023.
Loan-to-income. First-time buyers can borrow up to 4 times their gross yearly income and second and subsequent buyers up to 3.5 times. Joint applicants add their incomes together. Read more on loan-to-income.
Loan-to-value. If you will live in the home you can borrow up to 90% of its value, so you need a deposit of at least 10%. Buy-to-let buyers are limited to 70%.
Lenders can go above the limits on up to 15% of their first-time buyer lending, 15% of their second and subsequent buyer lending and 10% of their buy-to-let lending. These mortgage exemptions are rationed, so do not count on one. Your approval in principle will state the figure the lender is actually prepared to offer.
A worked example
A first-time buyer couple earning €90,000 between them go sale agreed on a €400,000 home. Their 10% deposit is €40,000, so they need a mortgage of €360,000. That is exactly 90% of the price and exactly 4 times their income, so both limits are met with nothing to spare.
At 4% over 30 years the repayment is €1,718.70 a month and they pay €258,730 in interest over the term. Stretching to 35 years drops the repayment to €1,593.99 but adds €50,745 of interest.
On top of the deposit they will need stamp duty at 1% of the price, legal fees and the valuation fee. Run the price through the stamp duty calculator, and if the home is a new build check the Help to Buy calculator, which can cover up to €30,000 of the deposit.
| Mortgage | 3.5%, 30 yrs | 4%, 30 yrs | 4.5%, 30 yrs | 4%, 35 yrs |
|---|---|---|---|---|
| €250,000 | €1,122.61 | €1,193.54 | €1,266.71 | €1,106.94 |
| €300,000 | €1,347.13 | €1,432.25 | €1,520.06 | €1,328.32 |
| €350,000 | €1,571.66 | €1,670.95 | €1,773.40 | €1,549.71 |
| €400,000 | €1,796.18 | €1,909.66 | €2,026.74 | €1,771.10 |
Want to know what you will have left after the mortgage? The take home pay calculator gives your net monthly pay.
Central Bank rules cap a home loan at 4 times gross income for first-time buyers and 3.5 times for second and subsequent buyers, and at 90% of the property's value. On a combined income of €80,000 a first-time buyer can borrow up to €320,000 and a mover up to €280,000.
At least 10% of the price if you will live in the home. That applies to first-time buyers and movers alike. Buy-to-let buyers need 30%. First-time buyers of a new home may be able to use Help to Buy towards the deposit.
Sometimes. Each lender can lend above the Central Bank limits on up to 15% of its first-time buyer lending and 15% of its second and subsequent buyer lending. These exemptions are rationed through the year, so plan around 4 times income and treat an exemption as a bonus.
Yes. The Central Bank applies the loan-to-income limit to combined gross income, so a first-time buyer couple earning €100,000 between them can borrow up to €400,000.
Use the rate in your approval in principle or a lender's current rate sheet. The 4% used in the examples on this page is a round figure for comparison, not a quote. Fixed and variable rates differ by lender and by your loan-to-value.