Jollyroger - what you say makes sense, and that is why people who have good financial common sense pay of their bond. If you are fairly certain you don't plan on buying another house in the next year or two, pay off your bond. Time flies quickly - 6 or 7 years down the road will be here before you know it, and you'll wish that $2K or $3K per year you were paying on the bond had been used to just pay it off initially.
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