Recommend that you do not escrow taxes ever. Best to pay annual. Principal and interest is the mortgage. When they say "PITI". That means Principal,,Interest (now here is the big one) Taxes and Insurance. You can pay your taxes annually and I truly recommend that you also pay insurance separately. Makes your monthly payment much more less. The PITI way, if you think about it, you are paying tax on tax. I hope this helps you out. I've been in FL for $()@/ years.
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