Mortgage Calculator Ireland 2026
Calculate your monthly mortgage repayments in Ireland. Enter the property price, deposit, interest rate, and loan term to see your monthly payment, total interest, and a full amortization schedule. Includes Central Bank of Ireland lending rules for LTV limits.
How Mortgage Calculator Ireland Works
Calculate monthly mortgage repayments in Ireland. Interest rates, loan terms, and amortization schedule. needed. Enter your values into the form above and the calculator processes them instantly in your browser — no data is sent to any server.
Central Bank of Ireland Mortgage Rules
The Central Bank of Ireland sets macroprudential rules that limit how much you can borrow for a mortgage. The loan-to-value (LTV) limit for first-time buyers is 90%, meaning you need a minimum 10% deposit. For second and subsequent buyers, the LTV limit is 80%, requiring a 20% deposit. The loan-to-income (LTI) limit is 3.5 times gross annual income for all borrowers. Lenders can grant exceptions to these rules for a limited proportion of their lending — up to 15% of the value of new first-time buyer mortgages and 15% of second and subsequent buyer mortgages. These rules were introduced in 2015 and have been adjusted over time to balance housing affordability with financial stability. Before applying for a mortgage, check that your deposit and income meet these thresholds.
Understanding Mortgage Interest Rates in Ireland
Irish mortgage interest rates can be fixed or variable. A fixed rate locks in your repayment amount for a set period, typically 1 to 10 years, giving you certainty about your monthly outgoings. Variable rates can change with market conditions, which means your repayments could go up or down. Green mortgages offer discounted rates for energy-efficient properties, typically 0.1% to 0.3% lower than standard rates. The European Central Bank (ECB) base rate influences Irish mortgage rates, as most Irish lenders are eurozone banks. When comparing offers, look at the Annual Percentage Rate of Charge (APRC), which includes all fees and charges, not just the headline interest rate. Switching your mortgage to a lower rate with another lender can save significant amounts over the life of the loan.
Mortgage Tax Relief and Supports
The Help to Buy scheme provides a tax rebate for first-time buyers purchasing or self-building a new property. The rebate is the lesser of 10% of the purchase price, 30,000 euro, or the total income tax and DIRT paid in the previous four years. The property must be valued at 500,000 euro or less. The Local Authority Affordable Purchase Scheme and the First Home Scheme can help bridge the gap between the mortgage and deposit amount and the market price. Mortgage interest is not tax-deductible for owner-occupiers in Ireland, unlike in some other countries. However, landlords can claim 100% of mortgage interest as an allowable expense against rental income.
Tips for Getting the Best Mortgage Deal
Start by getting mortgage approval in principle before house hunting so you know your budget. Compare rates across all lenders, including credit unions and non-bank lenders, as rates can vary significantly. Consider overpaying your mortgage when possible — even small additional payments can save thousands in interest over the life of the loan and shorten the term. Check if your lender charges early repayment fees or overpayment limits. Review your mortgage annually and consider switching if better rates are available elsewhere. The Competition and Consumer Protection Commission (CCPC) provides a mortgage comparison tool to help you find the best deal. Factor in all costs including stamp duty, solicitor fees, surveyor fees, and mortgage protection insurance when budgeting for your purchase.
Frequently Asked Questions
What is the minimum deposit for a mortgage in Ireland?
Under Central Bank of Ireland rules, first-time buyers need a minimum deposit of 10% of the property value (90% LTV limit). Second and subsequent buyers need a minimum 20% deposit (80% LTV limit). Lenders can grant exceptions for up to 15% of new lending in each category. Some lenders may require higher deposits depending on the property type or your financial circumstances.
How much can I borrow for a mortgage in Ireland?
The Central Bank limits mortgage lending to 3.5 times your gross annual income. For a single person earning 60,000 euro, the maximum mortgage would be 210,000 euro. For a couple with combined income of 100,000 euro, the maximum would be 350,000 euro. Lenders can exceed this limit for up to 15% of the value of their new lending.
What is a typical mortgage interest rate in Ireland?
Irish mortgage interest rates vary depending on the lender, loan-to-value ratio, and whether you choose a fixed or variable rate. In 2026, typical fixed rates range from around 3% to 4.5% depending on the term. Green mortgages for energy-efficient properties often come with discounted rates. Always compare rates across multiple lenders using the APRC rather than just the headline rate.
Can I overpay my mortgage in Ireland?
Most Irish mortgage lenders allow overpayments, though some impose limits or charges. Check your mortgage contract for any early repayment penalties. Overpaying your mortgage reduces the outstanding balance, saving interest over the life of the loan and potentially shortening the term. Even small regular overpayments can make a significant difference — an extra 100 euro per month on a 300,000 euro mortgage at 3.5% could save over 25,000 euro in interest.
What is mortgage protection insurance in Ireland?
Mortgage protection insurance is a life insurance policy that pays off your mortgage if you die during the term. It is a legal requirement in Ireland for most residential mortgage borrowers under the Consumer Credit Act 1995. The premium decreases over time as the mortgage balance reduces. Some exemptions apply, for example if you are over a certain age or have a pre-existing health condition that makes you uninsurable. Your lender must offer you a policy but you are free to arrange your own.