This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started. I am writing to provide you instructions on how to apply payments when I send an amount greater than the minimum amount due. You need to explicitly and specifically state the amount of the extra payment that you want applied to the principal. This form is furnished to give you a statement of actual settlement costs. This form is a statement of final loan terms and closing costs. Compare this document with your Loan Estimate. Sample Driver's TestMVA FeesMilitary and VeteransNew To Maryland.