ESCROW - In-house Example

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1ST INTERNATIONAL BANK & TRUST 2150 21ST AVE NW MINOT, ND 58703

Page: 2 03/17/2023

Loan:

Telephone:800-359-8092

An asterisk (*) indicates a difference from a previous estimate in the date or the amount. Last year, we anticipated that payments from your account would be made this period equaling $1,263.12. Under Federal law, your lowest monthly balance should not have exceeded $210.52 or 1/6 of anticipated payments from the account, unless your mortgage contract or State law specifies a lower amount. Under your mortgage contract and State law, your lowest monthly balance should not have exceeded $210.52.

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================================================================================ ANNUAL ESCROW ACCOUNT DISCLOSURE STATEMENTPROJECTIONS FOR COMING YEAR ================================================================================ THIS IS AN ESTIMATE OF ACTIVITY IN YOUR ESCROW ACCOUNT DURING THE COMING YEAR BASED ON PAYMENTS ANTICIPATED TO BE MADE FROM YOUR ACCOUNT. Date

Description

Payments Disbursements

Balance

Starting Balance.................................................

$577.69

MAY 2023 Payment JUN 2023 Payment JUL 2023 Payment AUG 2023 Payment SEP 2023 Payment OCT 2023 Payment NOV 2023 Payment DEC 2023 Payment JAN 2024 Payment FEB 2024 Payment TAXES MAR 2024 Payment APR 2024 Payment

720.59 863.49 1,006.39 1,149.29 1,292.19 1,435.09 1,577.99 1,720.89 1,863.79 2,006.69 286.66 429.56 572.46

142.90 142.90 142.90 142.90 142.90 142.90 142.90 142.90 142.90 142.90 1,720.03 142.90 142.90 * * *

C o n t i n u e d

* * *


1ST INTERNATIONAL BANK & TRUST 2150 21ST AVE NW MINOT, ND 58703

Loan:

Page: 3 03/17/2023

Telephone:800-359-8092

================================================================================ ANNUAL ESCROW ACCOUNT DISCLOSURE STATEMENTPROJECTIONS FOR COMING YEAR ================================================================================ Your ending balance, from the last month of the account history, is ($48.35). Your starting balance according to this analysis should be $577.69. This means you have a deficiency of $48.35. This deficiency may be collected from you over a period of 2 months or more unless the deficiency is less than 1 month's deposit, in which case we have the additional option of requesting payment within 30 days. We have decided to collect it over 12 months. After considering the deficiency, you still have remaining shortage of $577.69. This shortage may be collected from you over a period of 12 months or more unless the shortage is less than 1 month's deposit, in which case we have the additional option of requesting payment within 30 days. We have decided to collect it over 12 months. YOUR MONTHLY MORTGAGE PAYMENT FOR THE COMING YEAR WILL BE $1,698.00 OF WHICH $1,503.10 WILL BE FOR PRINCIPAL AND INTEREST AND $194.90 WILL GO INTO YOUR ESCROW ACCOUNT. IF YOU HAVE ANY QUESTIONS IN REGARDS TO YOUR ANNUAL ESCROW ANALYSIS, PLEASE CALL THE LOAN OPERATIONS DEPARTMENT @ 800-359-8092 EXT 2070. THIS CHANGE IS MADE IN ACCORDANCE WITH THE TERMS OF YOUR LOAN

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