First Property - Live in flip (Financing)

[Jordan O'Brien]

Hey everyone, 

I'm looking to buy my first property as a live in flip. I have a first-time homebuyer program available to me that will cover 20K in closings costs and downpayment that will be rolled into my mortgage at a 6.9% 30 year conventional. I have the money to cover these downpayment costs however having the extra 20K in my savings will allow me to renovate the home faster. Should I take the additional assistance or not?