Would you gamble or would you take the money and run? (loan, approved)

[sneezecake]

Two options, assuming both scenarios have identical fees

1) 5.75% on a 30 year fixed, lender pays $2500 in closing costs, 60 day lock, no float down
2) 5.75% on a 30 year fixed, lender pays no closing costs, 60 day lock, one free float down

With the market craziness of today/this year, would you play the gamble or take the money and run?

Assume that the $2500 would come in handy, i.e. I am not rich.

[VictorBurek]

Can you post more information. What is the loan amount? I am assuming it is a purchase, so how much you putting down? Credit score?

You really need to weigh your risk tolerence. It is always good to plan for the worse but strive for the best.

[NatasNJ]

Also who is lender?

[grannynancy]

Does either lender charge an origination fee and if so, how much? Are you actually approved with both lenders?

[sneezecake]

Consider all things being equal on fees (they pretty much are)
The 1/8th of a point difference in the payment does not make or break us - we had budgeted for a rate of 6.5% and are now looking at something significantly better.

Loan amount is 290k, 20% down.