Affordability

[Orga]

Hi Folks,

Would appreciate some advice on affordability:

Thinking about buying a house - 300k plus prob bout 20k for expenses and furniture etc. Total 320k

Savings = 70k that will use to reduce mortgage required
Monthly take home salary of about 3600euro net of all expenses and tax
Bearing in mind the current upward trend on interest rates am I over extending myself - would like to have a decent standard of living while paying a mortgage. Is there any afforability calculator out there?
I've searched this sit but haven't been successful in finding any

Thanks

 

[boskonay]

try www.mortgages.ie

 

[Glenbhoy]

Orga - can't see you having any problems there at all. Essentially a mortgage of about 250K required, I would take it over 20 yrs if were you, repayments would be somewhere around 1500 per month, leaving 2000 per month disposable income - it'd take a massive increase in rates to really impact you.