Quick LOI Structure Question — Would Appreciate Feedback

Hey everyone — I'm working on an LOI and want to include two offer options. Just looking for some quick input on how I'm structuring it.

Offer 1: Higher price (closer to seller’s ask), with more favorable terms for us — lower interest rate, lower down payment.
Offer 2: Lower price (closer to actual market value), more market-rate terms — higher interest rate and larger down payment.

In either case, the way I have the offers written, Offer 1 gives the seller more monthly income and a higher purchase price...

I’m wondering: Is there any real incentive for a seller to take Offer 2? Is a bigger down payment enough to incentivize or do I need to create more spread between the offers so that one gives them higher monthly income, and the other gives them more cash up front? Shorter balloon on Offer 2?

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