How much can I borrow on a €70,000 salary in Ireland?
A home up to about
€311,111
On €70,000 a year, you could afford a home up to about €311,111 with a 10% deposit of €31,112. You'd also pay €3,111 stamp duty, so you'd need €34,223 in savings. The mortgage payment would be about €1,257 a month.
- Deposit
- €31,112
- Mortgage
- €279,999
- Payment a month
- €1,257
- Stamp duty
- €3,111
How your deposit changes it
| Saved for a deposit | Home up to | Mortgage | Payment a month | Stamp duty |
|---|---|---|---|---|
| €31,112 (10%) | €311,111 | €279,999 | €1,257 | €3,111 |
| €70,000 (20%) | €350,000 | €280,000 | €1,257 | €3,500 |
How it’s worked out
Central Bank rules let first-time buyers borrow up to 4 times their gross income: €280,000 on €70,000. Second and later buyers can borrow up to 3.5 times (€245,000).
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 €70,000 salary in Ireland?
On €70,000 a year, you could afford a home up to about €311,111 with a 10% deposit of €31,112. You'd also pay €3,111 stamp duty, so you'd need €34,223 in savings. The mortgage payment would be about €1,257 a month.
How much deposit do I need on €70,000?
With €34,223 saved (€31,112 deposit plus €3,111 stamp duty), you could buy a home up to about €311,111. With €73,500 saved (€70,000 deposit plus €3,500 stamp duty), you could buy a home up to about €350,000.