re: 5yr. Balloon Loan w/ 10yr. Amort. (Any hidden things I should worry about?)

Well, the plan is to have kids within the next year or so. The thought of private schools in New Orleans terrifies me. The prices are astronomical. I can't even fathom how these high school educations are worth $10k-$20k a year, but for some reason they are.

I should have noted in there that we do still travel very well. We usually take a +/- $10k summer trip every other year, ski in Montana almost yearly (fortunately we have a free place to stay), and go to San Francisco on average twice a year. I'm not eating ramen and bailing on friends regularly to save money, but I think we are far more frugal than my friends I see eating out & drinking 5 nights a week. They're the same ones that barely have any savings or a lackluster 401k/IRAs. But to each their own.