This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.The Office of the City Register records and maintains New York City real property and certain personal property transfer records, such as mortgage documents. Create a Loan Payoff Letter online and download it as a PDF or Word document. Customize and print a blank Loan Payoff Letter for free. 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. Experience the CU difference. Find out how much you'll pay in New York state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more.