How Much Can I Borrow?
Mortgage Calculator- How much can you borrow?
The normal maximum mortgage level is capped at 3.5 times gross Income. For example, if your gross income is €80,000, the maximum mortgage would be €280,000.
Currently, exceptions allowing up to 4 times income are available for home buyers, where loan to value is <75% or less. Therefore, if your income is €80,000, the maximum mortgage using an exception would be €320,000. Lending conditions apply.
In calculating affordability for any mortgage we need to demonstrate, through an analysis of your spending and savings habits, that you can afford the repayments.
This calculator gives you an estimate of the maximum amount you will be able to borrow, based on your income.
Calculate how much you can borrow
Enter your details in the calculator to estimate the maximum mortgage you can borrow. After performing the calculation, you can transfer the results to our mortgage comparison calculator where you can compare all the latest mortgage rates.
Costs associated with getting a mortgage
Mortgage adviser fees - Here at Mortgages.ie we do not charge brokerage fees to home buyers
Stamp Duty 1% of the purchase price
Legal Fees €2,500 A typical budget including various taxes and duty
Valuation fees €150
Surveyor fees €400 -Not compulsory but highly recommended
On going costs after you move in
Your mortgage payment
Property tax .18% of the purchase price
Home insurance €35 per month estimate for new 3 bed houses
Mortgage Protection click Get a quote for your mortgage protection quote