Escrow Payments

Quick setup

For the clearest forecast, do not include escrow in the loan payment amount. Enter the mortgage and escrow portions as two separate plans.

1. Create the mortgage loan plan. Use the principal-and-interest amount only. This lets Foreseenly track the loan balance, interest, principal, and payoff timing more accurately.

2. Create the escrow expense plan. Add the escrow portion as a regular expense plan on the same schedule as the mortgage payment. This keeps taxes, insurance, or other escrowed costs visible in cash flow without mixing them into the loan balance.

3. Update escrow when your lender changes it. Escrow often changes after tax or insurance adjustments. When that happens, edit the escrow expense plan amount without changing the mortgage loan plan.

Where do I find the escrow amount?

Your lender statement or mortgage account website should show how the payment is split. Look for payment details, escrow details, or a transaction breakdown.

Why split them?

The mortgage principal-and-interest payment affects the loan balance. Escrow is usually money set aside for later bills such as property taxes or insurance. Keeping them separate makes the forecast easier to review and adjust.

Escrow waiver note

Some lenders may allow escrow to be removed once certain requirements are met, such as loan-to-value, loan type, payment history, or local rules. If you want to manage taxes or insurance yourself, ask your lender or mortgage servicer what applies to your loan.