Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.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. Real Property Fee Schedule. For Complete list of Payment Options Please click here. Explore mortgage options, compare rates, and calculate your monthly payments. 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. Make additional payments; Set up a payment plan.