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.How to fill out the Payoff Request Letter Templates? 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. In a loan reinstatement, you need to find just enough cash. The 1098 statement details all interest, taxes, and insurance paid on a mortgage for a given year. Manage your mortgage your way — anytime, anywhere. Click here to find the form you need to fill out. Simply fill out the Escrow Account Set Up Request Form.