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Best way to get off of the Jump program?

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I currently have an HTC One m8 on the T-mobile Jump program.

I no longer wish to have an EIP with T-Mobile.  I am purchasing the new iPhone next week at full price and intend to keep it for a couple years at least, so I don't think the Jump program will be beneficial to me any more. 

 

Do I just pay off the remaining EIP on my HTC one?  Then the phone is mine, correct?  I don't have to turn it back in to T-Mobile.  I would like to be able to sell it.

 

If I pay off the remaining balance on my EIP will that automatically cancel the 10 dollars per month I am paying to be on Jump?


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