Mortgage Calculator for Dublin: Your First Step Towards home buying

If you are thinking about buying a home in Dublin, the first thing that usually comes to mind is not the colour of the walls or how close the house is to the nearest DART station. It is the repayment. Can we actually afford it every month? That is where a tool like a Dublin mortgage calculator becomes useful.

Well, a mortgage calculator does not give you the final word, that comes later when you speak to an advisor and go through approval, but it does give you a strong starting point. In a few clicks, you can see what a mortgage might cost based on how much you borrow, the term of the loan and the interest rate.

At Member First Credit Union (MFCU), we encourage members and everyone who is planning to buy a house to use the mortgage calculator specifically designed for Dublin as a first step. It is simple, free and it takes some of the mystery out of the process before you sit down with us. 

Why it matters 

Mortgages are long-term commitments, often stretching 20 to 35 years. Knowing your ballpark repayment with a mortgage calculator for Dublin aids in a few ways: 

• Budgeting. You can quickly see if the repayment fits alongside your other bills. 
• Scenario planning. Change the loan amount or the term and watch how the repayment changes. 
• Confidence. When you speak to us, you already have a rough idea of where you stand. 

Many of our members tell us that using the calculator gave them the confidence to start viewing houses because they knew the numbers would not shock them later.

Mortgage calculator vs repayment calculator 

When you start looking online, you will see both “mortgage calculators” and “repayment calculators.” They sound similar but they serve slightly different purposes. 

• A mortgage calculator helps you estimate what you might borrow based on the loan amount, term and interest rate. It is useful at the very beginning when you are figuring out your budget. 
• A repayment calculator is more focused on the monthly cost. You put in the amount you want to borrow, the rate and the length of the loan, and it shows you the repayment figure directly. 

What mortgage calculator should I use? 

There are hundreds of mortgage calculators available online. Many of them use prefilled sliders or estimates that do not reflect the reality of the Irish market, especially in a major city. That is why we recommend using the MFCU mortgage calculator tailored for Dublin. 

Our calculator combines a mortgage calculator and a repayment calculator in one layout. 

You can enter the exact amount you want to borrow or use the slider if you prefer. Our mortgage calculator gives you complete freedom to control the numbers in the way that suits you best. 

The results are based on our live mortgage rates, so you get figures that are accurate for today’s market. 

Did you know? 
Member First Credit Union offers some of the lowest mortgage interest rates in Dublin, and in certain cases across Ireland. Check the latest interest rates at latest mortgage rates comparison.

Once you are happy with the numbers, you can start your mortgage application online. 

Using our calculator means you get more than just numbers on a screen. You get a clear picture of your repayments and a direct path to take the next step with MFCU. 

What happens after 

Once you have tried the calculator, the next step is to talk to us. We can explain what the figures mean in your case, help you apply for Approval in Principle and guide you through the documents you will need.

Once you get approved for a mortgage, you can go and find a house around the approved value on Daft, MyHome or with your local broker. 

Take the first step today 

Our mortgage calculator is designed to make things simple. It gives you clarity, it reduces stress, and it prepares you for one of the biggest financial decisions of your life.