HELOC rate/term comparison

[Alipate Moleni]

I need to choose between 2 HELOC offers, one with Penfed, the other with Zions bank. Penfed is offering me 115k, variable prime + 1.5% rate, no closing costs. Zions is offering me 100k, variable prime + .94%, about $2k closing costs. Both are 10 yr draw period (interest only payments), 20 yr payback. I plan on using the HELOC for BRRRR.

I need to make a decision soon. Lmk what you think I should choose and why. Thanks!