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Chapter 11. Understanding Escrow Accounts > The Escrow Cancellation Calculator

The Escrow Cancellation Calculator

If you are considering canceling your escrow account, you can use the Escrow Cancellation Calculator to determine exactly what the financial benefits will be. If your bank charges a fee for cancellation, you can take that into account as well and determine how long the financial benefits of managing your own insurance and tax payments will take to balance the payment.

The calculator is shown in Figure 11.1.


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