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Mortgage escrow shortage question
Posted on 11/14/26 at 7:54 am
Posted on 11/14/26 at 7:54 am
We just got our annual escrow analysis from our mortgage company and they've done something that I've never seen before.
Based on the analysis, they say we have a projected escrow shortage of $339.66. We can pay the lump sum or have it spread out over the next year. No big deal, I'm used to that.
But, for the next 12 months our monthly escrow payment (outside of the projected shortage) has dropped by $146.77. If there's a projected shortage, why are they reducing the monthly escrow inflow?
Am I missing something?
Based on the analysis, they say we have a projected escrow shortage of $339.66. We can pay the lump sum or have it spread out over the next year. No big deal, I'm used to that.
But, for the next 12 months our monthly escrow payment (outside of the projected shortage) has dropped by $146.77. If there's a projected shortage, why are they reducing the monthly escrow inflow?
Am I missing something?
Posted on 11/14/26 at 8:06 am to PJinAtl
quote:
Am I missing something?
yeah makes little sense, did you have a shortage last year and the shortage is smaller?
ARM? Even then rates are expected to go up not down
Posted on 11/14/26 at 8:22 am to UltimaParadox
quote:
ARM? Even then rates are expected to go up not down
No, 30 year fixed rate. Bought the house in 2016.
quote:
did you have a shortage last year and the shortage is smaller?
Hadn't thought about that. I'd need to check, but I bet that's it.
Posted on 11/14/26 at 11:34 am to PJinAtl
Insurance premium (different company) or change in Property taxes going forward?
Posted on 11/14/26 at 2:31 pm to PJinAtl
You probably had a much bigger escrow shortage last year that they were making up over the previous 12 months. Now they caught up with that shortage and this year is still short, but not as bad as last year
Posted on 11/14/26 at 3:30 pm to PJinAtl
I wish I have your problem. My escrow has been short 1k every year since COVID. If I pay off my house tomorrow, I would still owe 700/month. That just doesn’t sound right.
Posted on 11/14/26 at 3:59 pm to Everyday Is Saturday
quote:
or change in Property taxes going forward?
Unless you were recently elected to public office, you can be certain your property taxes aren’t going down.
Posted on 11/14/26 at 6:20 pm to lsuconnman
quote:
Unless you were recently elected to public office, you can be certain your property taxes aren’t going down.
Texas raised the homestead exemption limits 2025-26 and operation double nickel intends to do more.
It is (was) possible. But I do hear you.
Posted on 11/15/26 at 2:33 pm to PJinAtl
Once I got enough equity in my house, I cancelled my escrow and do it all myself. Just have to be disciplined and put the money away.
Posted on 11/15/26 at 3:07 pm to PJinAtl
Escrow math will drive you insane.
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