Sorry guy, if you oil is contaminated with coolant, you almost certainly have a blown head gasket. Only real interface for oil and coolant to mix.
Not true. Some cars have the water pump inside the timing covers, and if it leaks, it'll drain into the oil.
Is their any way to tell if I blew my whole engine or if I can get away with a water pump? One person I read mentioned changing the oil and running for just a minute to listen for valvetrain/rod noises. I would take on the water pump repair myself.
Get the oil/coolant mix out of there pronto - I'd be inclined to drain the oil, drain the coolant, change it with the cheapest crap I could find, run the engine for a minute or so, drain the oil again, and then work on stuff. Gallon jugs of Walmart's Best type oil.
The good news is that you've had oil pressure, so I wouldn't expect much in the way of rod/bearing damage. Don't leave the coolant in, though, it's not very good for bearings and cams.
You might do a compression test while you're in there, just to see if it is a head gasket - if it's blowing that much coolant into the oil, you'll have a cylinder way, way low on compression. A leakdown test would be better for finding a bad head gasket, but most people don't have the equipment for that.
Worst case, you'd have to swap a junkyard motor in, but if you're doing the water pump, I assume you could do that as well. Good excuse for an engine hoist if you don't have one!