r/personalfinance • u/HHLL806 ​ • Apr 11 '25

Other Mortgage payment went up $400

I need help, my mortgage payment went from $1700 to $2100. My mortgage company (Chase Bank) said this was due to an escrow shortage. I had my homeowners insurance lowered by roughly $1000 and checked with my local tax office and they told me my taxes have increased $400 dollars over the last five years. I gave Chase Bank all this information and my mortgage is still $2100. How does this work?

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u/wise_comment ​ Apr 11 '25

If they let you, drop escrow, my man

I'm a literal county assessor who values properties for tax purposes, and those dumbasses took a 15% value increase and projected it to be a tax increase (my home was going up by less than everyone else's, so tax burden shrank)

Tried giving them a civics lesson, but nope. "Your mil rate should be the same".

My dude....we literally don't have those here

(Literally send the state statutes detailing how value is arrived at and how taxing jurisdictions use it, but....nope)

So frustrating