After you calculate your monthly escrow payment with the mortgage calculator and you have your principal and interest payments estimated, you can add the two together and calculate mortgage payment with escrow for each month.
Even if your lender pays interest on your escrow account, the amount of interest you will earn likely pales in comparison to the amount of interest you would save by putting the additional money toward the principal balance.
Other regulations may apply, however, if this escrow account is separate from your normal escrow account, so you may want to contact the source of the funds in order to see if they have any suggestions as to how you can get access to it.
Dean explained Atherton's recent disappearance and the strange return of the escrow money.
I think he's been tapping the escrow account and that's a giant no-no.
And he ripped off $28,000 from the escrow account!
We even paid off his stolen escrow account and talked him into backing off Cynthia Byrne.
Sorry I lied to you about the escrow money—there wasn't any point in my doing it but I didn't think fast enough.
If Atherton was so broke, where did he get the dough to replace the escrow money he swiped?
And a note, 'Sorry about the bookkeeping mix-up with the escrow account.'