A payoff letter shows the remaining balance on your mortgage, including fees, interest, etc. Learn more about what a payoff quote is and how to request one.The Vehicle Payoff Sample Letter form is a crucial document for individuals aiming to transfer their vehicle loan to the State Department Federal Credit Union. All mortgage payoff letters tend to contain similar information, including: • Payoff amount: The amount of money that would satisfy the loan. This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,. If you are looking to payoff your vehicle, there is a sample letter form that you can use as a guide. The letter should be professional and informative. If in agreement, the payor can provide payment immediately. However, if the issue involves a small claims court, this could result in a settlement.