The difference in speed is really minimal about 8% this is assuming they each are configured identically. One way you can save money is by NOT purchasing the additional 4 GB of RAM from Apple, you can save by purchasing from OWC or Crucial, both brands are highly recommended in this forum.
No where do you mention how you will be using the machine so it's hard to determine if you would notice any difference. If you will be using the machine for basic tasks like Internet surfing, email, word processing, small spreadsheets & home finance save the money. If you plan on using it for 3D gaming, or music production or anything that is computing intensive then save up a little longer and spend the extra money or even better upgrade to a i5 or i7 processor.
Hope this helps.
Roger