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.Official Forms for Viewing and Downloading. 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. The one-time, federally funded California Mortgage Relief Program has awarded all homeowner grants and will not receive any more funding. How to fill out the Payoff Request Letter Templates? Notably, that subdivision also explicitly limits the effectiveness of a payoff demand statement to 30 days, a time period exceeded in this case.