A mortgage payoff letter can come in two forms. One form tells borrowers the remaining principal amount and interest they have to pay to close out the loan.Use our library of forms to quickly fill and sign your TREC contracts online. Figure: 7 TAC §155.2(c)(6) PAYOFF STATEMENT FORM • Electronic recordation of the instruments to be insured in the Official Public Records of Bexar County, Texas. It tells you the amount due (including interest charges up to a specific date), where to send the money, how to pay, and any additional charges due. Rising seniors can fill out the ApplyTexas online application as early as July.