From Yahoo Finance: 2025-06-21 13:01:00

A Reddit user and their spouse experienced a sudden increase in their mortgage payment from $1,250 to $1,600, leading to confusion. After a failed attempt to get a home appraisal, they discovered that the rise was due to hazard insurance, not private mortgage insurance. The situation highlighted the unpredictability of escrow payments, which can fluctuate due to tax reassessments and insurance adjustments even with a fixed interest rate. Other Reddit users shared similar stories of escalating payments due to insurance and property tax changes, emphasizing the importance of regularly reviewing escrow statements and exploring cost-saving options like disputing assessments and shopping for better insurance rates.



Read more at Yahoo Finance: A First-Time Buyer Was Shocked When Their Escrow Shot Up. Turns Out, A Fixed Rate Doesn’t Protect You From Tax And Insurance Hikes