Thanks for the advice. I just heard back from my mechanic and he said that he would have to take the head off and send it to a machine shop to determine if there is any damage to the head, for $175. His best estimate for the cost of repairs (without knowing how bad the heads are damaged) was a minimum of $1500 - $1800.
I think at this point I am ready to sell my car and get a new one. Honestly, if I am able to get $1000 for I'd be happy, especially seeing as how he said that with a bad cylinder it wont run or even start.