Technically, you're free to sell anytime after closing day. ... It's not just about selling the house for what you paid for it. You'll also need to factor in the costs associated with buying, the costs associated with selling, the equity gained or lost, and moving expenses.
What happens if you sell your house before your term is finished?
A prepayment penalty is a fee you may have to pay if you sell before your loan is paid off. ... A prepayment penalty can be calculated a few different ways, varying by lender. It could be a percentage of your remaining loan balance (usually between 2-5 percent), a percentage of owed interest or a flat rate.