Megan,

That's why I try not to look too closely at the actual number; I just send in the payment. Over in NADAville, they might say size counts, but I've always erred on the side of quality;-).

Look at it this way: once you pay off the student loan, take some of that and apply it to the mortgage. Overpay when and by how much you can; I think one of the mortgage calulators hereabouts would show that an additional $100 every month atop your regular payment will get a fixed-rate 30-year note paid off in something between 17 and 22 years. You probably already knew that though, didn't you?;-)

Think of the mortgage as rent-to-own, in individual chunks instead of one lump. Besides, with the schedule you outlined, your loans'll be paid down in about 2.5 years, which right now seems like a very long time, but, trust me, will fly right by. And who knows? Maybe you'll get a better-paying job or a raise or promotion within that time. Enjoy the place you inhabit; you're doing the Right Things, and have lots of support from us other Fools.

Keep it up!
OilyFool