When I filled out the application it asked the balance on the current mortgage, the student loan amount went in seperate (I'm assuming they consider it a HEL or something similar). I may look into whether they will consider including it with the mortgage amount to get it in with the 5.95% also. Otherwise, what you said makes total sense!
And the closing costs I can include with the mortage (it was around $1400), so that is okay with me.
Thanks for the reply!!