You can open the Payoff Statement Payoff Letter Template in multiple formats, including PDF, Word, and Google Docs.
Payoff Statement Payoff Letter Template Printable | Editable FormSample
Examples
[Lender’s Name]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Borrower’s Name]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
[Date]
Payoff Statement for Loan #[Loan Number]
This letter serves as a formal payoff statement for the loan referenced above, detailing the total amount required to satisfy the loan obligations as of [Payoff Date].
Loan Amount: [Original Loan Amount]
Outstanding Balance: [Outstanding Balance]
Interest Rate: [Interest Rate]%
Loan Start Date: [Start Date]
Maturity Date: [Maturity Date]
The total payoff amount is calculated as follows:
Outstanding Principal: [Outstanding Principal]
Accrued Interest: [Accrued Interest]
Fees: [List any applicable fees]
Total Amount Due: [Total Payoff Amount]
Please submit the total payoff amount via [Payment Method] to the following account:
[Bank Name]
[Account Number]
[Routing Number]
If payment is not received by [Payment Deadline], additional interest may accrue. This statement is valid until the Payoff Date mentioned above.
[Signature of the Lender]
[Name of the Lender]
[Title of the Lender]
[Lender’s Name]
[Lender’s Address]
[Lender’s Phone]
[Lender’s Email]
[Borrower’s Name]
[Borrower’s Address]
[Borrower’s Phone]
[Borrower’s Email]
[Date]
Payoff Statement for Loan #[Loan Number]
This payoff statement outlines the total amount required to fully satisfy your loan as of [Payoff Date]. This document is crucial for ensuring clarity on the final payment structure.
Loan Amount: [Original Loan Amount]
Current Outstanding Balance: [Current Balance]
Current Interest Rate: [Interest Rate]%
Loan Start Date: [Start Date]
Final Maturity Date: [Maturity Date]
The calculation of your total payoff is as follows:
Remaining Principal: [Remaining Principal]
Outstanding Interest: [Outstanding Interest]
Additional Fees: [List applicable fees]
Total Payoff Amount: [Total Payoff Amount]
For payment, use the following method:
[Payment Instructions]
Additionally, please ensure that all funds are directed to:
[Bank Name]
[Account Number]
[Wire Transfer Instructions if applicable]
For any questions regarding your payoff statement, please contact us at [Lender’s Phone Number] or [Lender’s Email].
[Signature of the Lender]
[Name of the Lender]
[Title of the Lender]
Format
Please complete the form below to create the Payoff Statement Payoff Letter Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step. Payoff Statement Payoff Letter Template 1. Sender Information 2. Borrower Information 3. Loan Information 4. Payoff Amount 5. Payment Instructions 6. Additional Fees 7. Terms and Conditions 8. Acknowledgments 9. Signatures and Acceptance 10. Declaration and Signatures
PDF
WORD
Google Docs
Payoff Statement Payoff Letter Template Printable | Editable FormPrintable
