I think you're stuck finding the extra 5.0% wherever you can get it.
Let's say you're now at 80% LTV and you have an additional 5.0% LOC. With you're second post you're wondering if you should take at an HELOC at a later point to pay off the 5% LOC. That makes a bit of sense, but using your amortization figure out how long it will take you to pay down your 80% mortgage to 75% to get that 5.0% back to pay off your LOC. Ideally you should make your 80% mortgage paydown as slowly as possible and aggressively pay off the LOC.
How much $$ is this LOC you need? You should really just try to pay it off vs. carry it while paying down mortgage than swapping the debt. If you're planning on paying down the mortgage enough to take it back out via HELOC you should just do the LOC first.
Next option is perhaps looks elsewhere if you havent removed conditions. Do you want to live in a condo building that has that high of a rental portion? Any chance you'll end up with a kid? lol.
Good luck!
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