Do you need a loan payoff request form? A mortgage payoff letter can come in two forms.One form tells borrowers the remaining principal amount and interest they have to pay to close out 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,. The mortgage payoff calculator helps you find out. A payoff statement is a document delineating the complete amount necessary to settle your student loan debt in full. All mortgage payoff letters tend to contain similar information, including: • Payoff amount: The amount of money that would satisfy the loan. All mortgage payoff letters tend to contain similar information, including: • Payoff amount: The amount of money that would satisfy the loan. Put the property address and loan number on the payoff check or cover letter.