[Jtehanonymous]

I love option one because I've done way too many interest rate problems and would never want you to waste even more money making up all the interest. </////3

If you're living with your parents right now, I'd vote option 1 and then start putting away for more savings. Since you're with your parents, it may not be as risky right now to do something like pay it off all, leaving you with minimal emergency funds

(Plus it'll feel great as previously mentioned)