How much can I borrow on a €40,000 salary in Ireland?
A home up to about
€177,778
On €40,000 a year, you could afford a home up to about €177,778 with a 10% deposit of €17,778. You'd also pay €1,778 stamp duty, so you'd need €19,556 in savings. The mortgage payment would be about €718 a month.
- Deposit
- €17,778
- Mortgage
- €160,000
- Payment a month
- €718
- Stamp duty
- €1,778
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €17,778 (10%) | €177,778 | €160,000 | €718 | €1,778 |
| €40,000 (20%) | €200,000 | €160,000 | €718 | €2,000 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €160,000 on €40,000. Second and later buyers can borrow up to 3.5 times (€140,000).
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 €40,000 salary in Ireland?
On €40,000 a year, you could afford a home up to about €177,778 with a 10% deposit of €17,778. You'd also pay €1,778 stamp duty, so you'd need €19,556 in savings. The mortgage payment would be about €718 a month.
How much deposit do I need on €40,000?
With €19,556 saved (€17,778 deposit plus €1,778 stamp duty), you could buy a home up to about €177,778. With €42,000 saved (€40,000 deposit plus €2,000 stamp duty), you could buy a home up to about €200,000.