Yeah, this whole thing ran me somewhere over $2,000 dollars. I can't even conceive of calculating the exact figures. I went for broke, in every possible sense of the phrase. I feel you on having to sell the motorcycle; I was considering the very same thing, but luckily didn't wind up having to go through with it. Living at home has its (very minimal) perks, I guess. If I don't get accepted with sufficient funding to one of my schools, I really have little idea what I'm going to do at this point. Officer Candidate School for one of the Armed Services branches seems to be my primary alternative. I can't justify going into the kind of debt a M.A. in English would carry with it, especially with the possibility that that money spent might not lead me to gain acceptance to a Ph.D. program afterwards.
As regards stress, I did spend a year and a half on this whole process (albeit while working full-time), but the last few months were still a whirlwind of stress and anxiety. It doesn't appear that much of that stress and anxiety will be subsiding in the coming months, but rather merely metamorphosing into a slightly different form.
What kind of bike you looking into/what was your old one? My bike was the great stress reliever during the late summer/fall when the pressure began to accumulate.