Irish Mortgage & Affordability Calculator Ireland 2026 Rules

Central Bank LTI/LTV limits, Irish PAYE/USC Net Tax & Stress Test Engine

Buyer Category:
Central Bank LTI Rules: • First-Time Buyers (FTB): Borrow up to 4.0x gross income.
• Second-Time Buyers (SSB/Movers): Borrow up to 3.5x gross income.

Financial Inputs & Setup

Your base gross annual salary before PAYE tax, PRSI, and USC deductions.
€
Gross salary for the second applicant in a joint mortgage application.
Overtime, bonuses, or commission. Irish banks typically apply a 50% weighting multiplier on variable earnings.

Banks weight variable income at 50%

Number of dependent children or adults. Lenders deduct baseline living costs (~€250/mo per child) when testing net disposable income.

Property & Deposit Setup

Total purchase price of the home you plan to buy.
€
Your cash savings plus Help to Buy grants. Central Bank rules require at least a 10% deposit.
Duration of the mortgage term. Standard options range from 15 to 35 years.
Annual interest rate. Select a market preset or enter your custom lender quote.
3.55% (Fixed Rate)

Extra Payments / Overpayment Strategy

Irish Overpayment Rules: • Variable Rates: Unlimited overpayments with zero penalty.
• Fixed Rates: Irish banks typically allow up to 10% overpayments per year (or ~€5,000/yr) without early redemption fees.

Monthly Stress & Affordability Inputs

Stress Test (+2%): Banks verify if you can afford repayments if rates increase by 2.0%, and ensure your past 6 months' rent and savings prove repayment capacity.
Car loans, PCP finance, personal loans, or card debt. Existing debt commitments directly reduce net borrowing capacity.

Car, personal, PCP debt

Repayment Capacity: Regular rent paid plus monthly savings over the past 6 months. Must equal or exceed your future monthly repayment.

Proven monthly capacity

Monthly Payment
Your estimated standard monthly payment (principal + interest) based on chosen rate and term.
€0
Stress test (+2%): €0/mo
Max Borrowing (LTI)
Maximum mortgage limit permitted under Central Bank rules (Gross salary × multiplier).
€0
Multiplier: 4.0x Gross
Total Interest
Total interest paid over the full term of the mortgage.
€0
Total Loan Cost: €0

Mortgage Proposal Eligible

Your required mortgage loan fits within Central Bank Loan-to-Income and Loan-to-Value guidelines.

Extra Payments Impact & Savings Breakdown Active Overpayments
Interest Saved
€0
Lifetime reduction
Time Saved
0 Yrs 0 Mos
Shorter loan term
New Loan Term
30 Years
Accelerated payoff

Monthly Affordability & Take-Home Income Engine
Estimates your monthly take-home income after Irish taxes (PAYE, PRSI, USC) and tests if remaining disposable income satisfies bank stress testing.

Irish Revenue Tax Estimates
Estimated Net Take-Home
Gross salary minus estimated PAYE, PRSI (4%), and USC charges.
Combined Annual Gross: €0
Est. Tax & Levies (PAYE/PRSI/USC): -€0
Est. Monthly Net Income: €0
Bank Stress-Test NDI Check
Net Disposable Income (NDI): Cash remaining after paying stressed mortgage (+2%) and loans. Must exceed ~€1,050 single / €1,600 joint plus dependants.
Net Monthly Income: €0
Stressed Mortgage + Debt: -€0
Surplus NDI Remaining: €0
Proven Repayment Capacity (Rent + Savings vs Mortgage):
Banks inspect 6 months of statements to ensure regular monthly rent and savings equal or exceed the required mortgage repayment.
100% Covered

Your monthly proven rent and savings (€1,600) comfortably cover the projected mortgage repayment.

Principal vs Interest Pay-Down Curve (30-Year Loan Term)

Interactive Amortization

Government Incentives & Support Schemes

Help to Buy (HTB) Scheme Eligible (FTB)

Tax rebate providing up to €30,000 (10%) toward your deposit on newly built properties under €500k.

Potential HTB Relief: €30,000
First Home Scheme (FHS) Shared Equity

Government shared-equity scheme bridging up to 20%–30% shortfall between your deposit + mortgage and property price.

Max FHS Support: Up to 20% equity

Irish Mortgage Eligibility & Rule Guide

Central Bank Caps

• FTB Cap: First-time buyers can borrow up to 4.0x gross annual income with a 10% cash deposit.

• Mover Cap: Second-time buyers are capped at 3.5x gross annual income with a 10% deposit.

• Exceptions: Lenders have a 15% annual allowance allowing exceptions up to 4.5x gross income for strong applicants.

Stress-Testing Rules

• Interest Rate Buffer: Irish banks test whether you can afford repayments if interest rates rise by +2.0%.

• Net Disposable Income: Banks require remaining income to exceed minimum living allowances (~€1,050 single / €1,600 joint + €250 per child).

• Repayment Proof: Must demonstrate 6 continuous months of rent or savings covering the required monthly mortgage.

Rates & BER Incentives

• Green Discount: Properties rated BER A1–B3 quality for lower Green fixed rates (saving ~0.30%–0.50% annually).

• Market Average: Standard fixed rates in Ireland currently average between 3.30% and 3.85%.

• Variable Rates: Standard variable rates hover between 3.80% and 4.25%.