Whichever you feel is best, go for it. 

All other things being equal, whichever number is higher is where the cash should go...

You can only get back up to the amount you paid for the property, or loan to value restricted amount based on appraisal, whichever is lower. 

When a foreclosing Lender takes a property back at the mtg foreclosure auction, state law dictates the lender gets a set discount on any past hoa debts....the l Nader only has to pay either 1% of the original loan amount or 12months of dues, whichever is less..I assume though that maybe you are talking about hoa dues During the time the bank owned it?

(Contractor) hereby warrants that the construction work performed at {address here} is free from defects and incorporated into this Limited Warranty for a period of 1 year from the date of substantial completion, date of commencement of use, or date of notice of completion, whichever occurs first.

The bank only has to pay 1% of the original loan balance, or 12 months of dues, whichever is less as Full settlement of the debt.  

There are pitfalls of course as well so plan accordingly.One major pitfall is the limited access or liquidity in larger accounts since loan parameters for solo 401k or SD 401k's are 50% or 50k whichever is lower.

If the responsibility is not meet within the minimum 2 day period, the other party then reserves the right to cancel.The California Association of Realtors’ Residential Purchase Agreement states the following:“NOTICE TO BUYER OR SELLER TO PERFORM: The NBP or NSP shall: (i) be in writing; (ii) be signed by the applicable Buyer or Seller; and (iii) give the other Party at least 2 Days After Delivery (or until the time specified in the applicable paragraph, whichever occurs last) to take the applicable action.

Whichever it may be, go with a 30-Year Loan.

The last day of the period so computed shall be included, unless it is a Saturday, a Sunday, or a legal holiday, in which event the period runs until the end of the next day which is not a Saturday, a Sunday, or a legal holiday, or, when the act to be done is the filing of a paper in court, a day on which weather or other conditions have made the office of the clerk of the court inaccessible, in which event the period runs until the end of the next day that is not one of the aforementioned days.