Extra payments reduce your total interest and loan term
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Monthly Payment
€1,369.25
Total Interest
€212,930.00
Total Repayment
€492,930.00
How much can I save with extra payments?
Even 100 euro extra per month can save you thousands in interest. For a 280,000 euro loan at 4.2% over 30 years, adding 100 euro per month saves roughly 30,000 euro in interest and cuts about 5 years off your loan.
Can I make extra payments on a fixed rate?
Most Irish lenders allow some level of overpayments on fixed-rate mortgages (typically up to 10% of the outstanding balance per year). Variable-rate mortgages usually allow unlimited extra payments. Check your mortgage terms.
Fixed or variable -- which should I choose?
Fixed rates give you certainty for a set period (2-10 years). Variable rates may be lower initially but can change. In a rising rate environment, fixing can protect you. Many borrowers start with a fixed rate and move to variable later.
Disclaimer: This calculator provides estimates based on current Revenue Commissioners rates and thresholds for the 2026 tax year. It does not constitute professional tax, financial, or legal advice. Your actual liability may differ depending on your individual circumstances. Always consult a qualified tax adviser before making financial decisions. Read our terms
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