In the payoff demand statement, the beneficiary must state the amount of the unpaid balance and interest rate together with the total amounts. The payoff amount isn't just your outstanding balance; it also encompasses any interest you owe and potential fees your lender might charge.The mortgage payoff statement is a document that provides a comprehensive breakdown of the remaining balance on a mortgage. A lien secures our interest in your property when you don't pay your tax debt. The loan payoff statement includes your principal balance, any outstanding interest due, and potentially any prepayment penalty (if applicable). 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. The one-time, federally funded California Mortgage Relief Program has awarded all homeowner grants and will not receive any more funding. Use SmartAsset's free California mortgage loan calculator to determine your monthly payments, including PMI, homeowners insurance, taxes, interest and more. Use SmartAsset's free California mortgage loan calculator to determine your monthly payments, including PMI, homeowners insurance, taxes, interest and more.