Pay more attention to the temperature guage, it is there for a reason
You need to drain the oil asap and flush the engine with some cheap oil. When oil and water mix the mixture will end up destroying every bearing in the engine, so do it!
replacing the gasket is a pretty in depth job and most shops will charge a nice chunk of change to do it right, you should replace the timing belt, water pump, and all associated pulleys as well as the head gasket and a full set of head bolts.
Might just want to look at a new engine, they can be had pretty cheap.
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Originally Posted by Tony the Tiger
I mod my Camry because I am too cheap to go out and buy a real sports car 
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1992 Camry XLE v6: p&p + 3angle, CAI, y pipe, K-Sport coilovers, 5-speed swap
1996 Eagle Talon TSI AWD: IPT 3700 restall, DSMlink v3, HKS exhaust, ETS street fmic kit