Monthly payment, true cost (APRC), fixed or variable rate risk and how much you can afford, with the rules that apply in Ireland.
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For a mortgage of 330,000 EUR over 30 years at 3.5%, the monthly payment is about 1,481.85 EUR. Change the amount, term and rate in the calculator above to see your own payment.
The APRC includes fees and required costs on top of interest. In our example with typical fees the APRC is 3.56% while the nominal rate is 3.5%. Compare loans by the APRC and by the total amount you repay.
Irish variable rates are set by each lender and broadly follow ECB rates, which rose to 2.50% on deposits in 2026. Tracker mortgages follow the ECB main refinancing rate, now 2.65%, plus a fixed margin. If rates rose by 2 points, the payment in our example would go up to 1,873.70 EUR. A fixed rate protects you from that risk, a variable rate can be cheaper when rates fall.
In Ireland you can usually borrow up to 4 times your gross annual income as a first-time buyer, or 3.5 times otherwise, and up to 90% of the property value. Lenders can make a limited number of exceptions. The calculator checks both rules when you enter your income and the property value.
Irish mortgage offers show the APRC (annual percentage rate of charge), the total yearly cost including fees. The Central Bank of Ireland limits how much you can borrow compared with your income and the property value. Most new mortgages are fixed for 3 to 10 years, and green mortgages for energy efficient homes are often cheaper.
The nominal interest rate only covers interest. The APRC adds the fees and costs you must pay to get the loan, such as processing fees, account fees and required insurance, and turns everything into one yearly percentage. Two loans with the same interest rate can have very different APRC. When you compare offers for the same amount and term, the lower APRC is usually the cheaper loan.
A fixed rate keeps your payment the same for an agreed period, so you know exactly what you pay. A variable rate is a reference rate (for example Euribor) plus the bank's margin. It is often lower at the start, but your payment rises when the reference rate rises. Use the stress test above to see your payment if rates go up by 1, 2 or 3 points, and only choose variable if you could still pay that.
With equal payments (annuity) the monthly amount stays the same, and at the start most of it is interest. With equal principal the first payments are higher but fall every month, and you pay less interest in total. Switch the repayment option in the calculator to see the difference.
Look beyond the monthly payment. Add up interest, upfront fees, monthly account and insurance costs, valuation and notary costs. A longer term lowers the payment but increases the total interest a lot. The line "cost per 100 borrowed" shows how much you pay for every 100 you borrow.
Paying off part of the loan early saves interest. Many countries limit what banks may charge for it, and variable-rate loans can often be repaid without a fee. Read the early repayment clause before you sign.
Typical mortgage at today's average rate, equal monthly payments, without fees. Interest rate: 3.5%.
| Amount | Term (years) | Monthly payment | Total interest |
|---|---|---|---|
| 250,000 EUR | 30 | 1,122.61 EUR | 154,140 EUR |
| 330,000 EUR | 30 | 1,481.85 EUR | 203,465 EUR |
| 400,000 EUR | 35 | 1,653.16 EUR | 294,328 EUR |
Variable-rate mortgages can be repaid early without a fee. On a fixed rate the lender can charge a breakage fee that reflects its lost interest, and many lenders let you overpay up to 10% a year without one.
In October 2026 new Irish mortgages cost about 3.53% on average, with green and 3 to 5 year fixed rates starting just below 3.5%. Personal loans usually cost 7% to 10% APR.
No. It is an educational calculator. Your bank sets the final rate and costs. Use the results to understand and compare offers, and ask for the official pre-contract information before signing.
This page is educational. Rates are examples based on central bank statistics and published offers in October 2026, and your bank will price your loan individually. Always compare the official offer document (ESIS or standard information form) before you sign.