Include the loan or mortgage number. 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. 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. A payoff agreement is an informal contract in which a creditor agrees to accept the balance of a debt owed as full payment. Send sample payoff letter for private mortgage via email, link, or fax. You can also download it, export it or print it out. Please fill out this brief feedback form to share your experience. Get help with home loans, refinancing, home equity loans, and payoff requests.