06/15/2026
🏡 What does buying a $650,000 home actually look like?
Sometimes the numbers feel overwhelming until you break them down.
For example:
💰 Purchase Price: $650,000
💵 Down Payment: 10% ($65,000)
🏦 Mortgage Amount: $604,305 (including CMHC premium for an eligible first-time buyer with a 30-year amortization)
📅 Estimated Monthly Payment: $3,050 (based on today's best available variable rate of 3.60%)
Every situation is different, and the numbers can change depending on your income, credit, down payment, and goals. That's why I love running the scenarios before you start shopping.
Whether you're buying your first home, moving up, or just curious what you could qualify for, let's have a conversation and make the numbers make sense.
📩 Send me a message and let's build a plan that works for you.
📱780.267.9097
📧[email protected]
💻www.mortgagesbybonnie.com