This form is furnished to give you a statement of actual settlement costs. Mortgage loans are amortized on a monthly basis and only full payments can be applied.What is a mortgage payoff statement? It details the exact money needed to pay off a mortgage. One month of most recent paystubs. Last two years W2 forms and signed Tax Returns. You can request a payment plan. Each mortgage company must request the tax amount from our office each year, typically during September.