How much can I borrow on a €230,000 salary in Ireland?
A home up to about
€1,022,222
On €230,000 a year, you could afford a home up to about €1,022,222 with a 10% deposit of €102,223. You'd also pay €10,444 stamp duty, so you'd need €112,667 in savings. The mortgage payment would be about €4,131 a month.
- Deposit
- €102,223
- Mortgage
- €919,999
- Payment a month
- €4,131
- Stamp duty
- €10,444
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €102,223 (10%) | €1,022,222 | €919,999 | €4,131 | €10,444 |
| €230,000 (20%) | €1,150,000 | €920,000 | €4,131 | €13,000 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €920,000 on €230,000. Second and later buyers can borrow up to 3.5 times (€805,000).
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 €230,000 salary in Ireland?
On €230,000 a year, you could afford a home up to about €1,022,222 with a 10% deposit of €102,223. You'd also pay €10,444 stamp duty, so you'd need €112,667 in savings. The mortgage payment would be about €4,131 a month.
How much deposit do I need on €230,000?
With €112,667 saved (€102,223 deposit plus €10,444 stamp duty), you could buy a home up to about €1,022,222. With €243,000 saved (€230,000 deposit plus €13,000 stamp duty), you could buy a home up to about €1,150,000.