How much can I borrow on a €60,000 salary in Ireland?
A home up to about
€266,667
On €60,000 a year, you could afford a home up to about €266,667 with a 10% deposit of €26,667. You'd also pay €2,667 stamp duty, so you'd need €29,334 in savings. The mortgage payment would be about €1,078 a month.
- Deposit
- €26,667
- Mortgage
- €240,000
- Payment a month
- €1,078
- Stamp duty
- €2,667
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €26,667 (10%) | €266,667 | €240,000 | €1,078 | €2,667 |
| €60,000 (20%) | €300,000 | €240,000 | €1,078 | €3,000 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €240,000 on €60,000. Second and later buyers can borrow up to 3.5 times (€210,000).
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 €60,000 salary in Ireland?
On €60,000 a year, you could afford a home up to about €266,667 with a 10% deposit of €26,667. You'd also pay €2,667 stamp duty, so you'd need €29,334 in savings. The mortgage payment would be about €1,078 a month.
How much deposit do I need on €60,000?
With €29,334 saved (€26,667 deposit plus €2,667 stamp duty), you could buy a home up to about €266,667. With €63,000 saved (€60,000 deposit plus €3,000 stamp duty), you could buy a home up to about €300,000.