Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.Check out our credit card payoff template selection for the very best in unique or custom, handmade pieces from our templates shops. A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work. Make math easier with these free calculator templates. PRINT AND FILL OUT THIS FORM - Please complete all relevant sections of the Payoff. A payoff letter shows the remaining balance on your mortgage, including fees, interest, etc. Learn more about what a payoff quote is and how to request one. Create a Loan Payoff Letter online and download it as a PDF or Word document.