Submitted by NachoDog1000 t3_z8gq02 in personalfinance
yourlittlebirdie t1_iybjjgn wrote
I’m guessing it’s an increase in your homeowners insurance. But without seeing the statement, it’s impossible to say.
NachoDog1000 OP t1_iybjo4i wrote
The statement said $1500 for insurance and it was previously $1100
fawningandconning t1_iybk2l8 wrote
So that's about $400 to insurance, an additional $200 to property taxes. Not necessarily absurd but you can still either speak to the servicer or request to make payments yourself.
stackeddespair t1_iybkp5j wrote
I think that $1100/$1500 is the annual premium, and the monthly amount is going up by $600, annually $7200. It would mean property taxes went up $6800
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