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# Within the Escrow Account section on the Closing Disclosure, how is the Escrowed Property Costs over Year 1 determined?

When Calculate escrowed property costs over year 1 using the first payment date is selected within Administration for the Calculations Policy selected on the Loan Definition page, the Escrowed Property Costs over Year 1 amount is the sum of all payments made into the escrow account during the first year starting from the First Payment Date.

When Calculate escrowed property costs over year 1 using the first payment date is not selected within Administration for the Calculations Policy selected on the Loan Definition page, the Escrowed Property Costs over Year 1 amount is the sum of all payments made into the escrow account during the first year after the Closing Date. See the commentary to §1026.38(l)(7)(i)(A)(5) for additional details.