NoteHarbor's escrow calculator is RESPA-only (12 CFR 1024.17).
The numbers
- Base monthly escrow = annual disbursements ÷ 12.
- The recommended balance is the RESPA maximum: base × 14/12 (a two-month cushion, capped at 1/6 of annual disbursements).
- Insurance premiums feed the calculation only when not marked self-pay.
- Annual tax aggregates across all county tax accounts on the property.
Annual analysis
The Escrow tab → Annual Analysis compares what's on hand to what's required and surfaces:
- Shortage → collect in full (generates a borrower invoice PDF — it does not post a ledger entry) or roll into next year.
- Surplus → apply to principal, refund, or keep.
- A catch-up projection spreads the difference over the remaining days so collections meet the bill by year end.