How much can I borrow on a €120,000 salary in Ireland?
A home up to about
€533,333
On €120,000 a year, you could afford a home up to about €533,333 with a 10% deposit of €53,334. You'd also pay €5,333 stamp duty, so you'd need €58,667 in savings. The mortgage payment would be about €2,155 a month.
- Deposit
- €53,334
- Mortgage
- €479,999
- Payment a month
- €2,155
- Stamp duty
- €5,333
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €53,334 (10%) | €533,333 | €479,999 | €2,155 | €5,333 |
| €120,000 (20%) | €600,000 | €480,000 | €2,155 | €6,000 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €480,000 on €120,000. Second and later buyers can borrow up to 3.5 times (€420,000).
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 €120,000 salary in Ireland?
On €120,000 a year, you could afford a home up to about €533,333 with a 10% deposit of €53,334. You'd also pay €5,333 stamp duty, so you'd need €58,667 in savings. The mortgage payment would be about €2,155 a month.
How much deposit do I need on €120,000?
With €58,667 saved (€53,334 deposit plus €5,333 stamp duty), you could buy a home up to about €533,333. With €126,000 saved (€120,000 deposit plus €6,000 stamp duty), you could buy a home up to about €600,000.