- We estimate how much your taxes and insurance will cost over the next 12 months. We base this on the last-known bill amounts from your taxing authority and insurance company.
- We divide that by 12 and add it to your monthly mortgage payment, and include a 2-month cushion amount.
- We determine if your account keeps the minimum balance required throughout the year or if your payment needs to be adjusted so your account stays balanced.
How is my escrow amount determined? Print
Modified on: Fri, 23 Jun, 2023 at 3:30 PM
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