Creating a payoff letter is essential to any loan or mortgage repayment process. Our free templates and this guide can help you get started.A pay for delete letter is a negotiation tool to have negative information removed from your credit report. A student loan 10day payoff letter details the total amount you must pay to fully satisfy the loan. You'll need one to pay off or refinance Calculate the monthly payments, total interest, and the amount of the balloon payment for a simple loan using this Excel spreadsheet template. Please leave a comment here to let me know how you found this template. 4. 504. Payoff of first mortgage loan. 103. Settlement charges to borrower (line 1400). 403. 108. Assessments. 408. This form is a statement of final loan terms and closing costs.