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Reply to "How much has your mortgage payment increased due to escrow? "
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[quote=Anonymous]my monthly payment jumped about $200 after the first year, because it was a flip and the new higher property tax assessment kicked in (went from a 125k burnt out shell to a 465k house). i'm not dumb, but it also caught me by surprise -- I just hadn't considered that the increased value wasn't already factored into the property tax that first year. it has also gone up a small amount each year since.[/quote]
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