How much can I borrow on a €220,000 salary in Ireland?
A home up to about
€977,778
On €220,000 a year, you could afford a home up to about €977,778 with a 10% deposit of €97,778. You'd also pay €9,778 stamp duty, so you'd need €107,556 in savings. The mortgage payment would be about €3,952 a month.
- Deposit
- €97,778
- Mortgage
- €880,000
- Payment a month
- €3,952
- Stamp duty
- €9,778
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €97,778 (10%) | €977,778 | €880,000 | €3,952 | €9,778 |
| €220,000 (20%) | €1,100,000 | €880,000 | €3,952 | €12,000 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €880,000 on €220,000. Second and later buyers can borrow up to 3.5 times (€770,000).
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 €220,000 salary in Ireland?
On €220,000 a year, you could afford a home up to about €977,778 with a 10% deposit of €97,778. You'd also pay €9,778 stamp duty, so you'd need €107,556 in savings. The mortgage payment would be about €3,952 a month.
How much deposit do I need on €220,000?
With €107,556 saved (€97,778 deposit plus €9,778 stamp duty), you could buy a home up to about €977,778. With €232,000 saved (€220,000 deposit plus €12,000 stamp duty), you could buy a home up to about €1,100,000.