The PNC Mortgage Bi-Weekly Automated Payment Program helps you pay off your mortgage loan faster and reduce interest payments. Instead of making one monthly payment, you take your monthly payment, split it in half, and make that payment every 2 weeks.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. Check out the payoff instructions on the Payoff Statement. I (we), the owners of the above mentioned property, authorize you to release all mortgage and payoff information to Chicago Title. You'll need to request a payoff statement. A payoff letter shows the remaining balance on your mortgage, including fees, interest, etc. Learn more about what a payoff quote is and how to request one. Use SmartAsset's free mortgage calculator to estimate your monthly mortgage payments, including PMI, homeowners insurance, taxes, interest and more.