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.Please accept this as my authorization to issue a payoff statement to. Through an effective date of . It should include specific details such as the loan account number, outstanding balance, and contact information. Send sample payoff letter for private mortgage via email, link, or fax. You can also download it, export it or print it out. {This is an Adjustable Rate Mortgage. Under the terms of this loan the next Change Date for the interest rate charged is {Insert Next Rate Change Date}. For other questions you may have, please contact the Office of the Tax Assessor-Collector at 210-335-2251 for personalized assistance.