Escrow balances can change due to higher or lower property taxes, as well as higher or lower insurance premiums. Any change to your escrow balance will result in a change in your monthly mortgage payment. It is important to track the annual changes in the amounts due under your homeowner's insurance policy and to your local jurisdiction for real estate property taxes. Your lender will conduct yearly reviews and may adjust the escrow portion of your mortgage payment due each month to cover any such changes. If you are not aware of the these changes, you may be surprised by a larger monthly mortgage payment when your lender re-evaluates your escrow account. To help lower your monthly escrow balance, you could shop around for different homeowners insurance policies to find one that saves you money. Additionally, you can submit an appeal to your tax collector about any new tax assessments you receive on your home to fight for a lower assessment.