You are looking to purchase a property for 700,000. You have received two quotes different quotes you need to borrow 80% to buy the house. The first quote is an 80% ltv 360 month amortization with a rate of 6%. The second offer comes from two sources. The first mortgage is 65% at 4.5% with 360 month amortization and the second mortgage takes the leverage to 80% at a rate of 10.5% with 360 month amortization. Which deal would you take and how much per month would it save?