Use SmartAsset's free New York mortgage loan calculator to determine your monthly payments, including PMI, homeowners insurance, taxes, interest and more. 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. We offer a range of home loans with various rate options and terms to meet your needs. Our mortgage experts will determine how much you qualify to borrow. A payoff request can be created and mailed for free. How long does it take to obtain a payoff? Find out how much you'll pay in New York state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more. This article outlines the fivestep process of making your final loan payment.