However, there is something called delayed financing, which allows you to refinance at any time prior to 6 months of ownership, but you are strictly limited to financing up to the original purchase price, or 75% of the appraised value, whichever is lower.

My bare minimum is $100 per month or 10% whichever is greater.

There are two ways that the banks calculate the penalty for breaking it, naturally they choose which ever is the greater of the two penalties.