How much can I borrow on a €160,000 salary in Ireland?
A home up to about
€711,111
On €160,000 a year, you could afford a home up to about €711,111 with a 10% deposit of €71,112. You'd also pay €7,111 stamp duty, so you'd need €78,223 in savings. The mortgage payment would be about €2,874 a month.
- Deposit
- €71,112
- Mortgage
- €639,999
- Payment a month
- €2,874
- Stamp duty
- €7,111
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €71,112 (10%) | €711,111 | €639,999 | €2,874 | €7,111 |
| €160,000 (20%) | €800,000 | €640,000 | €2,874 | €8,000 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €640,000 on €160,000. Second and later buyers can borrow up to 3.5 times (€560,000).
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 €160,000 salary in Ireland?
On €160,000 a year, you could afford a home up to about €711,111 with a 10% deposit of €71,112. You'd also pay €7,111 stamp duty, so you'd need €78,223 in savings. The mortgage payment would be about €2,874 a month.
How much deposit do I need on €160,000?
With €78,223 saved (€71,112 deposit plus €7,111 stamp duty), you could buy a home up to about €711,111. With €168,000 saved (€160,000 deposit plus €8,000 stamp duty), you could buy a home up to about €800,000.