Mortgage Repayment Calculator Ireland

Understanding your mortgage repayments is crucial when buying a home in Ireland. Whether you're a first-time buyer in Dublin, purchasing an investment property in Cork, or switching your mortgage with EBS, AIB, PTSB, or Bank of Ireland, our mortgage repayment calculator Ireland helps you calculate monthly payments, plan early repayments, and understand the full cost of your mortgage over time.

What is a Mortgage Repayment Calculator Ireland?

A mortgage repayment calculator Ireland is a financial tool designed specifically for the Irish property market. It calculates your monthly mortgage repayments based on loan amount, interest rate, and loan term. Whether you're comparing rates from EBS, AIB, PTSB, Bank of Ireland, or using comparison sites like Bonkers.ie, this calculator provides detailed insights into your repayment schedule, total interest costs, and how early repayments can save you money.

Understanding Mortgage Repayments in Ireland

Irish mortgage repayments consist of principal and interest. The principal is the amount you borrowed, while interest is the cost of borrowing. Most Irish mortgages use a standard amortization schedule where you pay more interest in the early years and more principal in later years. The Central Bank of Ireland (CCPC) regulates mortgage lending, and most lenders follow similar repayment structures.

Early Repayment Options

Making extra payments on your mortgage can significantly reduce the total interest you pay and shorten your loan term. Many Irish lenders, including EBS, AIB, PTSB, and Bank of Ireland, allow early repayments without penalty (typically up to 10% of the outstanding balance per year). Our calculator shows you exactly how much you can save by making extra monthly payments or one-time lump sum payments.

Buy-to-Let Mortgages

Buy-to-let mortgages in Ireland typically have higher interest rates than residential mortgages (usually 0.5% to 1% higher). Lenders assess buy-to-let mortgages based on rental income potential rather than personal income. Our calculator adjusts the interest rate automatically for buy-to-let properties and provides estimated rental yield calculations to help you assess the investment potential.

Comparing Lenders

Different lenders offer different interest rates and terms. EBS, AIB, PTSB, Bank of Ireland, Ulster Bank, and other lenders each have their own rates and conditions. Comparison sites like Bonkers.ie can help you find competitive rates. Our calculator allows you to input rates from any lender to see how they compare in terms of monthly payments and total interest costs.

Mortgage Amortization Schedule

The amortization schedule shows how each payment is split between principal and interest over the life of your loan. In the early years, most of your payment goes toward interest, while in later years, more goes toward principal. Understanding this schedule helps you see the true cost of your mortgage and plan for early repayments effectively.

Northern Ireland Considerations

While Northern Ireland is part of the UK, many of the same principles apply to mortgage repayments. However, interest rates and lending criteria may differ. Our calculator works for both the Republic of Ireland and Northern Ireland, allowing you to compare different scenarios and understand your repayment obligations.

Using the Calculator

To use our mortgage repayment calculator Ireland, simply enter your loan amount, interest rate, and loan term. You can select your lender (EBS, AIB, PTSB, BOI, etc.) to get an idea of typical rates, or enter a specific rate. For buy-to-let properties, select the buy-to-let option. Add extra payments to see how they affect your total interest and loan term. Export the payment schedule to CSV for detailed analysis.