How much can I borrow on a €205,000 salary in Ireland?
A home up to about
€911,111
On €205,000 a year, you could afford a home up to about €911,111 with a 10% deposit of €91,112. You'd also pay €9,111 stamp duty, so you'd need €100,223 in savings. The mortgage payment would be about €3,682 a month.
- Deposit
- €91,112
- Mortgage
- €819,999
- Payment a month
- €3,682
- Stamp duty
- €9,111
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €91,112 (10%) | €911,111 | €819,999 | €3,682 | €9,111 |
| €205,000 (20%) | €1,025,000 | €820,000 | €3,682 | €10,500 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €820,000 on €205,000. Second and later buyers can borrow up to 3.5 times (€717,500).
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 €205,000 salary in Ireland?
On €205,000 a year, you could afford a home up to about €911,111 with a 10% deposit of €91,112. You'd also pay €9,111 stamp duty, so you'd need €100,223 in savings. The mortgage payment would be about €3,682 a month.
How much deposit do I need on €205,000?
With €100,223 saved (€91,112 deposit plus €9,111 stamp duty), you could buy a home up to about €911,111. With €215,500 saved (€205,000 deposit plus €10,500 stamp duty), you could buy a home up to about €1,025,000.