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.Please include a per diem amount in the statement. To figure out how much is owed to completely pay off a loan, a borrower must request a formal loan payoff statement from their lender. The Vehicle Payoff Sample Letter form is a crucial document for individuals aiming to transfer their vehicle loan to the State Department Federal Credit Union. First Citizens provides a full range of banking products and services to meet your individual or business financial needs. You can choose to pay off your mortgage in full before the end of your term. Find out how much you'll need to pay and get a redemption statement. Find out how much you'll pay in New York state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more.