The owner shall be entitled to receive from the holder of the obligation a written statement setting forth the total amount to be paid as of a particular date. A mortgage payoff statement details the total amount needed to fully pay off a loan as of a specific date.Do you need a loan payoff request form? Filing official deed payoff record. A payoff statement is a document that shows how much money a borrower must submit to fully pay off a loan. You can pay off your mortgage with a check. Bring your payoff statement to your local branch, or our branch staff can order one for you.