How much can I borrow on a €250,000 salary in Ireland?
A home up to about
€1,111,111
On €250,000 a year, you could afford a home up to about €1,111,111 with a 10% deposit of €111,112. You'd also pay €12,222 stamp duty, so you'd need €123,334 in savings. The mortgage payment would be about €4,490 a month.
- Deposit
- €111,112
- Mortgage
- €999,999
- Payment a month
- €4,490
- Stamp duty
- €12,222
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €111,112 (10%) | €1,111,111 | €999,999 | €4,490 | €12,222 |
| €250,000 (20%) | €1,250,000 | €1,000,000 | €4,490 | €15,000 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €1,000,000 on €250,000. Second and later buyers can borrow up to 3.5 times (€875,000).
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 €250,000 salary in Ireland?
On €250,000 a year, you could afford a home up to about €1,111,111 with a 10% deposit of €111,112. You'd also pay €12,222 stamp duty, so you'd need €123,334 in savings. The mortgage payment would be about €4,490 a month.
How much deposit do I need on €250,000?
With €123,334 saved (€111,112 deposit plus €12,222 stamp duty), you could buy a home up to about €1,111,111. With €265,000 saved (€250,000 deposit plus €15,000 stamp duty), you could buy a home up to about €1,250,000.