Submitted by ShadowLotus89 t3_125afuw in explainlikeimfive
homeboi808 t1_je5xu8s wrote
Reply to comment by blipsman in eli5 What is Equity in a Home? by ShadowLotus89
> Not sure what your dad's comment about insurance and equity have to do with each other, so either you misunderstood what he was complaining about or he doesn't understand something.
The escrow could have increased, so if they pay extra every month then the amount they pay extra would be less (unless they maintain the amount of extra payment).
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