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.1. Enter your personal information and amount owed. Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. Frequently Requested Forms, Civil Court Forms, Criminal Court Forms, Family Court Forms, Financial Forms, Probate Court Forms, Specialty Court Forms. Contract Execution Date. This company is a mess!