Checking your monthly mortgage statement and fixing what is wrong
Escrow analysis
Statement answer
Servicers review escrow accounts each year and send an analysis comparing what was collected with what was paid for taxes and insurance. A higher tax bill or premium creates a shortage, which raises the payment or can be repaid. Check the projected bills against your actual tax and insurance notices.
Last reviewed against the primary sources listed below.
Compare
- Projected tax bill vs your county notice.
- Projected insurance vs your policy.
- Any cushion the servicer holds.
Statement questions
Can I pay an escrow shortage at once?
Servicers usually offer that or spreading it over the coming year.