Opinion evaluating two loans

[Jim Miller]

I am looking to complete a DSCR loan with cash out for additional investments; I have received two offers.

The first is a 70% loan to value, 6.92% interest fixed for 30 years, 1.75% points, and a 5-year sliding prepayment. 

The second is a 75% loan to value, 8.25% interest fixed for 30 years, 1% point, and a 3-year prepayment penalty. 

Let's say the home value is $200K (close to what I am working with). At this time, I have no intentions of selling in the next five years. 

Which of these is the better deal and why?