This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.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. The purpose of the letter is to describe why the borrower may not be able to make their mortgage, car loan, or other debt payments. This program will help you write a letter that formally requests the money you are owed. This is called a Demand 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. As shown in the chart below, San Bernardino has more than double the violent crime rate as either the surrounding region or the state as a whole.