How much can I borrow on a €240,000 salary in Ireland?
A home up to about
€1,066,666
On €240,000 a year, you could afford a home up to about €1,066,666 with a 10% deposit of €106,667. You'd also pay €11,333 stamp duty, so you'd need €118,000 in savings. The mortgage payment would be about €4,311 a month.
- Deposit
- €106,667
- Mortgage
- €959,999
- Payment a month
- €4,311
- Stamp duty
- €11,333
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €106,667 (10%) | €1,066,666 | €959,999 | €4,311 | €11,333 |
| €240,000 (20%) | €1,200,000 | €960,000 | €4,311 | €14,000 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €960,000 on €240,000. Second and later buyers can borrow up to 3.5 times (€840,000).
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 €240,000 salary in Ireland?
On €240,000 a year, you could afford a home up to about €1,066,666 with a 10% deposit of €106,667. You'd also pay €11,333 stamp duty, so you'd need €118,000 in savings. The mortgage payment would be about €4,311 a month.
How much deposit do I need on €240,000?
With €118,000 saved (€106,667 deposit plus €11,333 stamp duty), you could buy a home up to about €1,066,666. With €254,000 saved (€240,000 deposit plus €14,000 stamp duty), you could buy a home up to about €1,200,000.