Could you clarify your situation?
You said you took out another loan, but then you are asking about a prepayment penalty (which seems to be about PAYING a loan, rather than receiving a new loan). Could you expand on that; taking out a loan and prepaying it seem to be opposites.
Is the other home in the other state a rental? Personal? Something else?
What EXACTLY is the prepayment penalty for? You need to look at the EXACT verbiage in your contract.
