Your payment has changed, even though your rate is the same ... This statement will include: Your current monthly mortgage payment, including the amount that goes towards the escrow account.

In the mortgage world, an escrow account is used as a way to include annual expenses ... If you look at your mortgage statement, you'll see the amount that is being contributed.

Escrow account statements often catch homeowners off guard – especially when it results in an unexpected increase in a monthly mortgage payment.

Most banks, credit unions, or mortgage companies perform an escrow analysis once a year. This analysis ensures there are sufficient funds in your escrow account to cover the bills for your ...