Send sample payoff letter for private mortgage via email, link, or fax. You can also download it, export it or print it out.Edit, sign, and share sample payoff letter for private mortgage online. No need to install software, just go to DocHub, and sign up instantly and for free. 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. The payoff type (First Mortgage, Equity Line, etc.). 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. Loan payoff statements tell borrowers how much they must pay to close out a loan.