Offer accepted...is this good financing?

[Michael Zack]

How do I evaluate whether this is good financing or not? Are rates different for multi families? I thought rates on 30 year fixed right now were around 4.0%... With 20% down $108,000 down payment; add in closing costs $3965 (Two Family) and prepaids $5268; total funds needed is$117,223 (includes first year ins premium). With 20% down we can get 4.25% 30 fixed $432,000 at 4.25% PMT is $2125.18 RE Tax $350 Home insurance $175 PMT $2650.18 monthly (PITI)