Conventional + subordinate or Jumbo

[/u/drunkendoctoro]

Under contract on a house and shopping lenders around. Purchase price is $1.237M and we are doing 20% down.

One lender is suggesting doing a conventional for $766,550 at 6.625% supplemented by a subordinate of remaining about at 7.5%

Any advice on this vs a single jumbo?

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Conventional + subordinate or Jumbo
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