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.Get access to direct deposit forms, automatic bill payment forms, and loan management from BMO. It will only be two (2) steps. Request a loan payoff form your mortgage company, wire in them the funds. The mortgage payoff calculator helps you find out. "Payoff amount" is generally higher than the remaining balance on the home. Click on Payments and then click on Request Payoff. Explore mortgage options, compare rates, and calculate your monthly payments. Higher education financing allows many Americans from lower and middleincome backgrounds to invest in education.