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.You can request a payoff quote for any type of loan, including mortgages, car loans, student loans, and personal loans. A mortgage payoff statement can be a useful piece of documentation for some borrowers to request. Check out the payoff instructions on the Payoff Statement. The mortgage payoff calculator helps you find out. The revised Form MT-15, Mortgage Recording Tax Return, is now available. To send us a message, please select from one of the options below and fill out a short form. Alex King is a New American Funding mortgage professional who is focused on customer service and offer competitive pricing on home loans. Fill out a Quick Collect form and be sure to include your name and loan number.