Can u turn it into an IP?
btw, the break costs will reduce as variable rates increase
'fraid not.
And yes, I've been watching the break cost/market swap rates almost the entire duration of the loan. Started around 7k, rocketed up to 40k as rates dropped (almost as soon as I drew the loan), and has eased back since.
It's dropped from >$22k a few weeks ago to about $17k at present. Hoping the market swap rate goes up a shade more so the break fee drops just that bit further.