---
title: How Do I Read the Escrow Analysys Statement?
description: Your escrow analysis statement is an important document that explains how your escrow account is managed and why your monthly mortgage payment may change.
---
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# How Do I Read the Escrow Analysys Statement?
## Your escrow analysis statement is an important document that explains how your escrow account is managed and why your monthly mortgage payment may change.
Your escrow analysis statement is an important document that explains how your escrow account is managed and why your monthly mortgage payment may change. Reviewing it carefully will help you understand your current balance, projected expenses, and any adjustments.
### **What’s Included in Your Statement?**
**Page 1: Current Escrow Activity**
- A summary of your escrow account, including deposits and withdrawals.
- Details of recent tax and insurance payments made from your escrow account.
**Page 2: Projection for the Upcoming Year**
- An estimate of your future escrow activity based on expected property taxes and insurance costs.
- Your projected escrow balance throughout the year.
---
### **Key Information on Page 2 (Bottom Left Corner)**
Here’s what you’ll find in this section:
- **Shortage Amount**: If your account is short, the exact amount you owe will be listed.
- **New Monthly Mortgage Payment**: This reflects your updated payment after the shortage is factored in.
---
### **Important Notes**
- **Paying the Shortage**: If you choose to pay all or part of the shortage, your monthly payment **will not change** as a result.
- **Verify the Amount**: Make sure the shortage amount matches exactly what is shown on your statement before making a payment.
---
### **Example Statement**
#### **Why Does My Payment Change?**
Your escrow account covers property taxes and insurance. If these costs increase or decrease, your monthly mortgage payment will adjust to ensure your escrow account has enough funds.
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