An example you can explore
An escrow analysis, line by line.
Select a line to see what it means. This fictional statement is for learning; it is not a real borrower’s document.
Fictional learning example
Annual escrow account analysis
Projected annual taxes: $4,800 · Insurance: $2,400
Principal and interest: $1,700 per month
A shortage is measured against an account’s target balance, not simply this year’s expenses minus last year’s expenses. Learn how the monthly balance projection works.
Source: CFPB Regulation X § 1024.17.