How much can I borrow on a €115,000 salary in Ireland?
A home up to about
€511,111
On €115,000 a year, you could afford a home up to about €511,111 with a 10% deposit of €51,112. You'd also pay €5,111 stamp duty, so you'd need €56,223 in savings. The mortgage payment would be about €2,066 a month.
- Deposit
- €51,112
- Mortgage
- €459,999
- Payment a month
- €2,066
- Stamp duty
- €5,111
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €51,112 (10%) | €511,111 | €459,999 | €2,066 | €5,111 |
| €115,000 (20%) | €575,000 | €460,000 | €2,066 | €5,750 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €460,000 on €115,000. Second and later buyers can borrow up to 3.5 times (€402,500).
Assumes one first-time buyer borrowing up to 4 times their income under the Central Bank rules, at 3.5% over 30 years. The average rate on new Irish mortgages was 3.48% in July 2026 (Central Bank of Ireland).
- Central Bank rules let first-time buyers borrow up to 4 times their gross income, and second and later buyers up to 3.5 times, with incomes combined for couples. Lenders can make a limited number of exceptions.
- You need a deposit of at least 10%. Your savings pay the stamp duty (1% up to €1 million) first, and the rest goes towards the deposit. Legal and valuation fees are extra.
Frequently asked questions
How much can I borrow on a €115,000 salary in Ireland?
On €115,000 a year, you could afford a home up to about €511,111 with a 10% deposit of €51,112. You'd also pay €5,111 stamp duty, so you'd need €56,223 in savings. The mortgage payment would be about €2,066 a month.
How much deposit do I need on €115,000?
With €56,223 saved (€51,112 deposit plus €5,111 stamp duty), you could buy a home up to about €511,111. With €120,750 saved (€115,000 deposit plus €5,750 stamp duty), you could buy a home up to about €575,000.