Question

If your home property taxes are $9,250 per year. What would the monthly escrow payment be?

Answer 1

To calculate the monthly escrow payment, you need to know the total amount of your property taxes ($9,250) and the number of months in the year (12). Then, you can divide the total amount of property taxes by the number of months to find the monthly escrow payment.

Explanation:

Here's the calculation:

$9,250 ÷ 12 months = $770.83 per month

So, the monthly escrow payment would be $770.83. Please note that this is just an estimate and the actual amount may vary based on factors such as the interest rate on your mortgage, the term of your loan, and any other fees or costs associated with your mortgage.