Purchasing Power Calculator

When you have found an Affordable Purchase home that you are interested in you can use the purchasing power calculator below to give you an indication of your ability to purchase that home. The advertisement will indicate a minimum and maximum price payable for each type of home for sale. You may be in a position to buy the home if your calculated purchasing power falls within the minimum and maximum purchase prices advertised. Your purchasing power is based on your maximum mortgage capacity and your income.

Please note that all results from the Purchasing Power Calculator are indicative. Eligibility terms and conditions apply. Details of which are available from your local authority.

Income

Excluding overtime, bonuses and commission.

Gross Income for Purchasing Power:

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  1. A maximum of 10% of annual basic income from overtime is included for assessment.
  2. A maximum of 10% of annual basic income from bonus is included for assessment.
  3. A maximum of 30% of annual basic income from commission is included for assessment.
Mortgage

Standard Mortgage Capacity from Income:

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Minimum Deposit Amount Required (10%):

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Savings

If you are a first time buyer who has paid income tax or Dirt Tax in Ireland in the past 4 years you may be eligible to apply for financial support of up to €30,000 under the Help to Buy (HTB) scheme for the purchase price of a new home.

Any additional financial support that will be contributed to the purchase of your new home. This could include a gift.

Results

Minimum price you can pay for a home:

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Maximum price you can pay for a home:

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  1. If your gross income x 4 exceeds 95% of the market value of a property, you may not be eligible to purchase that property. Your savings may also affect your eligibility.
  2. This purchasing power calculator is for guidance only. Other eligibility criteria may apply. You should contact your local authority for further information.