Amounts may have been reserved for a future payment of taxes and placed in an impound account. The impounded amounts are for future payments of property taxes and insurance from impound. On the escrow statement you should find an entry charging you for the property taxes for the period Dec 2 to Dec 31, 2016. That amount and the small amount of mortgage interest you were charged for 28 days of interest should be reported to your on a Form 1098 which you receive from the lender. That is deductible on your 2016 tax return. Points paid in escrow should also be reflected on the Form 1098.
Due to the fact that you purchased your new home so late in the year, you may not have enough mortgage interest, property taxes and loan origination fees (points) to take itemized deductions on your 2016 return.
