Monthly costs
Escrow (taxes & insurance)
Also known as: escrow account, impound account, taxes and fees
A lender-managed account that collects property tax and insurance with your payment.
Many mortgages include an escrow (or impound) account: each month you pay a share of estimated property taxes and homeowners insurance, and the lender pays those bills when due. Charts may group taxes, insurance, HOA, and PMI as “taxes & fees” or similar. Escrow amounts can be adjusted when taxes or premiums change.
See also
Definitions are for general education. Loan products, insurance, and taxes vary by lender, location, and your situation. FinanceFlow calculators produce estimates only and are not a lender quote or professional advice.