That's where a mortgage payoff statement comes in. It lays out each fee and dollar still due before you completely pay off your mortgage.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. Edit, sign, and share loan payoff letter online. Do you need a loan payoff request form? Payoff of first mortgage loan. 103. If you want to know what it will take to pay off a loan, you'll need to access a payoff statement (sometimes called a payoff letter). 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.