Will my mortgage payment go up?
Enter what you pay into escrow, plus your tax and insurance. We estimate if your bill may go up or down at your next yearly review.
Use only the tax and insurance part of your bill. Leave out the loan payment and PMI, even if your servicer pays PMI from escrow.
Estimates only, not financial or legal advice. Verify with your lender.
How this works
Your escrow account mostly covers tax & insurance
Each month part of your bill is set aside. It pays your property taxes and your homeowners insurance when those bills come due. Some servicers pay PMI from it too.
Servicers can hold up to a 2-month cushion
RESPA allows your servicer to keep a reserve of up to two months' worth of projected annual disbursements, so your balance is never expected to hit exactly zero.
The annual analysis true-ups the difference
Once a year your servicer compares what was collected with what was needed, and adjusts your payment. A shortage raises it. If you are current on payments, a surplus of $50 or more must be refunded within 30 days. A smaller one may be refunded or credited.
Common questions
A fixed rate locks the principal and interest part of your bill. It does not lock the escrow part. That part is your property taxes and your homeowners insurance. Your servicer recalculates it every year to match the real bills.
Just the tax and insurance part that your servicer puts into escrow. Leave out principal and interest. Some servicers also collect PMI in escrow. If yours does, leave PMI out too. This tool checks only tax and insurance.
RESPA (the Real Estate Settlement Procedures Act) permits servicers to hold a reserve of up to two months' worth of projected annual escrow payments as a cushion against surprises. This tool assumes the standard 2-month maximum.
Most servicers give you two ways to clear an escrow shortage. You can pay it in one lump sum, so it is not added to your monthly bill. Or you can spread it over the next twelve months. Either way the total is usually the same, since servicers rarely charge interest on a shortage. Your servicer's escrow statement lists your options.
No. This calculation runs entirely in your browser and nothing is stored or transmitted unless you click through to create a free account.
Stop checking this by hand
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