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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

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?

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