Property
First Home Scheme Equity Calculator Ireland
Model a qualifying new-build purchase's funding gap, equity share, service charge and redemption. This free first home scheme equity calculator ireland shows the calculation and its assumptions so you can compare your own figures.
Your results
Model a qualifying new-build purchase's funding gap, equity share, service charge and redemption.
Rules checked for 2026 on 2026-10-06. Scope: Standard new-build funding arithmetic and service-charge schedule
Calculated outcomes
- Funding Gap
- €40,000.00
- Original Equity Share Percent
- 10%
- Remaining Equity Share Percent
- 10%
- Maximum Funding
- €120,000.00
- Minimum Funding
- €10,000.00
- Annual Service Charge
- €700.00
- Service Charge Percent
- 1.75%
- Equity Redemption
- €45,000.00
- Assessment
- Within modelled funding limits; eligibility and approval must be confirmed
Assumptions and estimates
- Standard new-build purchase only. The current local-authority property ceiling is entered from the FHS checker, not guessed. Confirm applicant eligibility, participating lender, maximum permitted mortgage, and qualifying home. Own deposit excludes Help to Buy to avoid double counting. Service charges use original purchase price and remaining equity, not current value. Redemption uses the entered independent valuation; property improvements, self-build/site value, tenant-home products and partial-redemption timing are excluded. Charges do not compound here.
- Method: Gap = price − own deposit − Help to Buy − mortgage. Model funding between max(€10,000, 2.5% of price) and 30% of price (20% with Help to Buy). Service charge uses original purchase price × remaining equity × year rate. Redemption uses current independent valuation × remaining equity.
- Standard new-build scenario, not an eligibility approval. Requires a separately confirmed local price ceiling and maximum participating-lender mortgage. Self-build/site value, tenant-home products, property-improvement adjustments and partial-redemption timing are excluded.
Sources: First Home Scheme FAQ and funding criteria, First Home Scheme service charges and redemption examples
Useful next steps
- Use Compare options to test an alternative side by side.
- Check the official sources above before relying on the figure.
- Copy, print or download a record of this calculation when you need one.
Reports open your email app addressed to s@s1.ie with the public page address only. Your inputs are never added.
How the first home scheme equity scenarios calculation works
Gap = price − own deposit − Help to Buy − mortgage. Model funding between max(€10,000, 2.5% of price) and 30% of price (20% with Help to Buy). Service charge uses original purchase price × remaining equity × year rate. Redemption uses current independent valuation × remaining equity.
Standard new-build scenario, not an eligibility approval. Requires a separately confirmed local price ceiling and maximum participating-lender mortgage. Self-build/site value, tenant-home products, property-improvement adjustments and partial-redemption timing are excluded.
Applicable rules year: 2026. Sources checked 2026-10-06: Standard new-build funding arithmetic and service-charge schedule Published rules are used, not proposed changes.
Using this calculator
- Enter your own figures in the labelled inputs. Keep the currencies, units and time periods consistent.
- Choose any applicable rate profile, pattern or assumption shown for this tool. Open additional inputs when relevant.
- Review modelled funding and full redemption with charges, then read the stated assumptions and eligibility conditions before using the result.
Official sources and further information
Worked example
This is a static example using illustrative inputs, not facts about you or today’s date. The displayed eligibility selections and assumptions apply only to this example.
See example inputs
- New-build purchase price (€)
- 400000
- Own cash deposit excluding Help to Buy (€)
- 40000
- Maximum available participating-lender mortgage (€)
- 320000
- Help to Buy is being used
- No
- Confirmed current FHS local property price ceiling (€)
- 500000
- Applicant, lender, maximum mortgage and qualifying-home conditions confirmed
- Yes
- Current independent valuation for redemption (€)
- 450000
- Year of the scheme for service charges
- 6
- Original equity percentage points already redeemed (%)
- 0
- Outstanding unpaid service charges (€)
- 0
- Modelled Funding
- €40,000.00
- Full Redemption With Charges
- €45,000.00