The mortgage payoff statement is a document that provides a comprehensive breakdown of the remaining balance on a mortgage. "Payoff amount" is generally higher than the remaining balance on the home.The mortgage payoff calculator helps you find out. The Office of Wayne County Register of Deeds records various types of documents, mostly relating to interests and transfers of property. 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. A payoff statement or a mortgage payoff letter will typically show the balance you must pay in order to close your loan. Student loan debt relief companies might say they will lower your monthly payment or get your loans forgiven, but they can leave you worse off. Philadelphia County.