Mortgage Calculator and Comparison

Easily compare mortgage rates and see what your repayments would be with our handy mortgage calculator

Buying a home is one of the biggest financial decisions you’ll ever make and your mortgage repayments are likely to be your largest monthly expense for years, so it’s important you find the best deal for you.

Our mortgage calculator and comparison service lets you easily compare interest rates, offers and cashback incentives from all of Ireland’s mortgage lenders and will quickly show you what your monthly repayments would be.

So whether you’re a first-time buyer, a home mover, or looking to switch mortgage, we'll take the hard work out of finding the best mortgage deal for you. And of course our service is free, easy-to-use, 100% impartial and accurate.

How do I get a mortgage in Ireland?

To qualify for a mortgage in Ireland you need to meet certain criteria. In general these are:

You need to be in secure employment and have a source of income that can sustain the mortgage.
You need to prove that you can afford your repayments, even if interest rates rise.
You have to have at least a 10% cash deposit if you’re a first-time buyer and a 20% deposit if you’re a second-time or subsequent buyer.
You need to have a good credit history, which means well-managed finances and not too much existing debt.

How much can I borrow to get a mortgage?

The Central Bank’s mortgage lending rules state that a prospective home buyer can borrow up to 3.5 times their annual income though in some cases banks can provide an exemption to this limit and loan you more.

How much deposit do I need for a mortgage?

Current Central Bank rules state that first-time buyers need a cash deposit of 10% of the value of their property while second-time and subsequent buyers need a deposit of 20%.

Who has the lowest mortgage rates?

There isn’t one answer to this question. Different banks offer different rates based on how big a deposit a prospective borrower has i.e. their loan-to-value ratio. In general the bigger the deposit you have saved in relation to the mortgage, the lower your interest rate will be. The best way to find out which bank has the lowest mortgage rates for your individual circumstances is to compare your options with our Mortgage Calculator.

Can I switch my mortgage to another bank?

You can switch your mortgage providing you meet certain criteria. Each bank has its own set of criteria, and if your financial circumstances have changed since you qualified for your initial mortgage, you may have problems switching. In general you must consider factors such as:

The outstanding balance on your mortgage: The average minimum new mortgage accepted by Irish banks for someone switching is around €30,000.
Whether you have a fixed-rate contract with your current lender: You may be charged penalty fees for switching out of a fixed-rate contract early.
Your credit rating: You must still have a good credit rating. An Irish Credit Bureau check will be carried out by the lender you’re trying to switch to and if you’ve taken out loans or used credit cards and had difficulties repaying these, you may have problems switching.
How much equity is in your house: You may have difficulty switching if you are in negative equity.
The term remaining on your mortgage: You may not be able to switch if you only have a few years remaining on your mortgage.

I’m moving house. How do I get set up with my new utility providers?

If you’ve decided it’s time to move on to a new home, don’t forget to check us out for your energy, broadband, phone and TV requirements. We make it super quick and easy to compare prices across a range of providers and we’ll help you get set up with your new utility providers in your new home in no time.

Check out our home movers section and get all your connections set up for the day you move in.

Should I choose a mortgage that offers cashback?

With so many banks now offering cashback on their mortgages, it's no surprise that customers and especially first time buyers, are being tempted by these often sizeable lump sums of cash.

The question to consider before diving in is do these offers represent the best value over the long term?