How much can I borrow on a €245,000 salary in Ireland?
A home up to about
€1,088,889
On €245,000 a year, you could afford a home up to about €1,088,889 with a 10% deposit of €108,889. You'd also pay €11,778 stamp duty, so you'd need €120,667 in savings. The mortgage payment would be about €4,401 a month.
- Deposit
- €108,889
- Mortgage
- €980,000
- Payment a month
- €4,401
- Stamp duty
- €11,778
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €108,889 (10%) | €1,088,889 | €980,000 | €4,401 | €11,778 |
| €245,000 (20%) | €1,225,000 | €980,000 | €4,401 | €14,500 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €980,000 on €245,000. Second and later buyers can borrow up to 3.5 times (€857,500).
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 €245,000 salary in Ireland?
On €245,000 a year, you could afford a home up to about €1,088,889 with a 10% deposit of €108,889. You'd also pay €11,778 stamp duty, so you'd need €120,667 in savings. The mortgage payment would be about €4,401 a month.
How much deposit do I need on €245,000?
With €120,667 saved (€108,889 deposit plus €11,778 stamp duty), you could buy a home up to about €1,088,889. With €259,500 saved (€245,000 deposit plus €14,500 stamp duty), you could buy a home up to about €1,225,000.