Here are my numbers from the bank: +escrow?

[Robert Gunby]

"The fixed rate for 30 years , has to have a 20 % down payment and interest rate is 5.25%, 76,000 loan amount= principal/interest = 419.67 + escrow total payment = 694.67 This is in our fannie mae mortgages , they have a few more closing cost fees associated The 10/1 arm that we talked about earlier can be amortized on 30 years and can have a minimal down payment of 15% , loan amount 80,750.0. 4.49% interest rate, principal/interest rate = 408.67,+ escrow , total payment per month 717.31" This is for a house priced at 95k that I was looking at. What is the "+escrow" on top of the payment? I have looked at the numbers of a lot of deals on here and have never seen that before. Could some one explain that? Also, how do these numbers look to you?