[quote=AK]Yeah, I might need to refinance, as unlikely as that might seem. Or I might need to sell. Ya never know.

Plus it’s a matter of principle. “No prepayment penalty” should mean “no prepayment penalty” and not “Oh gosh, you wanted to prepay that much? Well that’s different!”

[/quote]

with all due respect… If you think you might need to sell in that timeframe, you probably should reconsider about buying. And it’s very unlikely you will be refinancing to a lower rate within 3 years.