Escrow Analysis

A. Escrow Trend

• Summary of anticipated and actual annual disbursements from your escrow account.
• These amounts are determined by information provided by your insurance company and local tax authority.

B. Mortgage Payment Breakdown

• Principal & Interest Payment: Determined by your loan agreement.
• Escrow Payment: Payment that goes into your escrow account so we can pay your tax and insurance bills each year.
• Other Funds Payment Contractual: Any other payments made.
• Assistance Payment: Any additional collections Shortage.
• Payment: Covers the shortage in your escrow account for the next year’s tax and insurance bills.
• Total Monthly Payment: The total monthly payment, including principal, interest, escrow, and other funds.

C. Annual Escrow Account Breakdown – Projections for Coming Year

• Payment to Escrow: Your monthly payment into your escrow account.
• What We Expect to Pay Out: the payments we expect to send to your insurance company and local tax authority to pay your bills.
• The minimum balance is highlighted. This amount is determined by information provided by your insurance company and local tax authority.

D. Anticipated Beginning Balance Calculation

• What the escrow balance is expected to be at the beginning of this upcoming computation period.

E. Escrow Account History

• Payment information for (up to) the 12 months prior to the effective date of this statement.

F. New Escrow Payment Calculation

• Unadjusted Escrow Payment: The anticipated yearly amount to be paid from escrow, divided into 12 equal payments.
• Surplus Reduction: If there is a surplus of less than $50.00, this amount may reduce your escrow payment.
• Shortage Installment: If there is a shortage, this amount will be added to your escrow payment to cover the shortfall.
• New Escrow Payment: The final escrow payment amount including any adjustments for shortages or surpluses.