How much can I borrow on a €45,000 salary in Ireland?
A home up to about
€200,000
On €45,000 a year, you could afford a home up to about €200,000 with a 10% deposit of €20,000. You'd also pay €2,000 stamp duty, so you'd need €22,000 in savings. The mortgage payment would be about €808 a month.
- Deposit
- €20,000
- Mortgage
- €180,000
- Payment a month
- €808
- Stamp duty
- €2,000
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €20,000 (10%) | €200,000 | €180,000 | €808 | €2,000 |
| €45,000 (20%) | €225,000 | €180,000 | €808 | €2,250 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €180,000 on €45,000. Second and later buyers can borrow up to 3.5 times (€157,500).
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 €45,000 salary in Ireland?
On €45,000 a year, you could afford a home up to about €200,000 with a 10% deposit of €20,000. You'd also pay €2,000 stamp duty, so you'd need €22,000 in savings. The mortgage payment would be about €808 a month.
How much deposit do I need on €45,000?
With €22,000 saved (€20,000 deposit plus €2,000 stamp duty), you could buy a home up to about €200,000. With €47,250 saved (€45,000 deposit plus €2,250 stamp duty), you could buy a home up to about €225,000.