What’s an escrow overage or surplus?
If your escrow account is projected to have more than the minimum balance required at its lowest point in the 12-month period, you have an overage. This happens if the taxes or insurance premiums for the previous 12 months were less than expected or if they're estimated to go down in the next 12 months.
Surpluses in excess of $50 or more are refunded. Anything less than $50 is used to reduce your monthly payment.
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