Hello, I bought a home last year and my lender did not include any amounts for Escrow (mortgage insurance or property taxes) on the 1098. The lender indicates to use the amounts on my closing document which I believe to be inaccurate as it does not indicate what was actually paid during the year since it does not include monthly payments paid to the lender after closing less the amount I was refunded by the lender in my Escrow Adjustment.
So my questions is this, is the proper calculation in this scenario represented by the amounts I paid for mortgage insurance and property taxes respectively: at closing + sum of monthly escrow payments paid to lender in 2021- refunded amounts by the lender in my Escrow Adjustment?
I believe this calculation accurately captures the net of what I actually paid in 2021 and I have the appropriate documentation to cover this calculation in case of an audit.
Thank you in advance for your response.
