How much can I borrow on a €215,000 salary in Ireland?
A home up to about
€955,556
On €215,000 a year, you could afford a home up to about €955,556 with a 10% deposit of €95,556. You'd also pay €9,556 stamp duty, so you'd need €105,112 in savings. The mortgage payment would be about €3,862 a month.
- Deposit
- €95,556
- Mortgage
- €860,000
- Payment a month
- €3,862
- Stamp duty
- €9,556
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €95,556 (10%) | €955,556 | €860,000 | €3,862 | €9,556 |
| €215,000 (20%) | €1,075,000 | €860,000 | €3,862 | €11,500 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €860,000 on €215,000. Second and later buyers can borrow up to 3.5 times (€752,500).
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 €215,000 salary in Ireland?
On €215,000 a year, you could afford a home up to about €955,556 with a 10% deposit of €95,556. You'd also pay €9,556 stamp duty, so you'd need €105,112 in savings. The mortgage payment would be about €3,862 a month.
How much deposit do I need on €215,000?
With €105,112 saved (€95,556 deposit plus €9,556 stamp duty), you could buy a home up to about €955,556. With €226,500 saved (€215,000 deposit plus €11,500 stamp duty), you could buy a home up to about €1,075,000.