How much can I borrow on a €235,000 salary in Ireland?
A home up to about
€1,044,445
On €235,000 a year, you could afford a home up to about €1,044,445 with a 10% deposit of €104,445. You'd also pay €10,889 stamp duty, so you'd need €115,334 in savings. The mortgage payment would be about €4,221 a month.
- Deposit
- €104,445
- Mortgage
- €940,000
- Payment a month
- €4,221
- Stamp duty
- €10,889
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €104,445 (10%) | €1,044,445 | €940,000 | €4,221 | €10,889 |
| €235,000 (20%) | €1,175,000 | €940,000 | €4,221 | €13,500 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €940,000 on €235,000. Second and later buyers can borrow up to 3.5 times (€822,500).
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 €235,000 salary in Ireland?
On €235,000 a year, you could afford a home up to about €1,044,445 with a 10% deposit of €104,445. You'd also pay €10,889 stamp duty, so you'd need €115,334 in savings. The mortgage payment would be about €4,221 a month.
How much deposit do I need on €235,000?
With €115,334 saved (€104,445 deposit plus €10,889 stamp duty), you could buy a home up to about €1,044,445. With €248,500 saved (€235,000 deposit plus €13,500 stamp duty), you could buy a home up to about €1,175,000.