Can the iPhone 5 for Sprint be a prepaid phone?

I have the iPhone 5, and I'm on a two year contract with Sprint. I talked to one of the representatives, and she said that if I pay the ETF I would be able to keep my iphone 5. With that being said, can I use the iphone 5 as a prepaid phone? Could I just go to wal-mart or target and pick up a cheap prepaid phone and use the SIM card for the iphone 5 and use it as a prepaid phone?

Yes if they unlock it.
It will work with T Mobile, ATT, and Straight Talk.

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