I don’t have flood insurance but you know what I think you’re right. I’m not calculating PMI. I didn’t even think that it was included in escrow. I thought my payment was made of four parts: payment, interest, PMI, and escrow. I didn’t know PMI was added into escrow.

I know my BIL put about 5% down, 30 years, and like 4-5% rate. I got mine at $175,000, I also put about 5-7% down and I got it for 30 years at 3.125% rate.

My taxes this year + insurance are about $5,500-$5,600 total. They told me my escrow shortage last year was $2,400.

My monthly escrow payment is about $940 a month so about $11,280 of just escrow. Including actual payment it’s about $20,400 a year. So is it correct? I’m sorry I’m so ignorant on this topic.