Mortgage Escrow Calculator
Estimate your monthly escrow payment for property tax, homeowners insurance, PMI and HOA — plus the cushion lenders may hold.
For information and education only — not financial advice. Results are estimates based on the numbers you enter; check important decisions with a qualified professional.
How to use
- 1Enter the yearly property tax and insurance premium.
- 2Add monthly PMI or HOA if your lender collects them.
How it's calculated
Monthly escrow = (property tax + insurance) ÷ 12 + monthly PMI. RESPA allows lenders to hold a cushion of up to one-sixth of annual escrow payments (about two months).
Frequently asked questions
Why did my escrow payment go up?
Property taxes or insurance premiums rose. Your lender reviews escrow yearly and adjusts the payment to cover the new amounts and any shortage.
Is HOA paid through escrow?
Usually not — most homeowners pay HOA dues directly to the association. It's included here only to show your total housing cost.
Can I avoid escrow?
Some lenders allow it with 20% or more equity, sometimes for a fee. FHA and USDA loans require escrow.