A mortgage payoff statement details the total amount needed to fully pay off a loan as of a specific date. A lender's payoff statement or letter will show the amount you need to pay to completely close out the loan.This form is furnished to give you a statement of actual settlement costs. Getting your 10day payoff statement is an important step in refinancing your student loans. If you want to know what it will take to pay off a loan, you'll need to access a payoff statement (sometimes called a payoff letter). This is a legally binding Real Estate Purchase Contract ("REPC"). Utah law requires real estate licensees to use this form. FTHB pre-approval letter for the City mortgage loan. Wrong funds into the wrong account or some bank error if neither of you had paid it.