Plain-English explanation
Spreads tax/insurance bills across 12 months. Required on most owner-occ loans.
Examples
- $3,600/yr taxes + $1,200 insurance = $400/mo escrow.
Common mistakes
- Forgetting escrow shortage adjustments at year-end.
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Financing
Lender-held account that pays property taxes and insurance from monthly payments.
Reviewed by Keiron Brown, Founder & Editor, CalculateRealEstateROI · Educational estimates only — not investment, financial, tax, or legal advice
Spreads tax/insurance bills across 12 months. Required on most owner-occ loans.