Switched to synthetic...advice?

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I recently purchased a used 2004 Mitsubishi Endeavor 3.8L V6 with 78,000 mi. I don't know too much about the history of the vehicle, but based on the age of the car and the mileage, I would assume it was used for a long highway commute (100mi/day) and therefore mostly ideal driving conditions. Also, the vehicle appears to have been well maintained according to service records.

Last week I decided to start using synthetic oil and changed out the old oil (pretty sure it was a dino...I had an oil change sticker from a Jiffy Lube type place in the windshield) with Mobil 1 Extended Performance and a Mobil 1 Extended Performance filter. I plan on an initial OCI of 5k miles or 6 months, then I'll switch to 10k miles or 1 year. It will cost me roughly $36 each time ($26 for 5 qts. of Mobil 1 Extended Performance + $10 for Mobil 1 Extended Performance filter).

I drive about 10k miles a year, with a typical 15 minute commute of 1.5 miles on stop & go city road, 7 miles on a highway at 70mph, and 2.5 miles on a 50mph country road. The commute is then reversed for the drive home.

Does anyone see a problem with my plan, choice of oil/filter, or rationale for switching to syn in the first place? I figured $36/year for one change a year on syn would be about the same cost as 3 changes a year on cheap dino and a decent filter (Wix, Purolator, etc). Also, I'd like to think that synthetic will produce less sludge over the long run than dino.

I know I'll probably need to get a used oil analysis to make sure I'm in the clear, but I'm also interested in hearing what you guys have to say.

Thanks.
 
Seems reasonable. Look at the used oil analysis on this site and I think you can save that money. I'd probably change it at 7500.
 
once a year oci's will probably work well in your situation. A used oil analysis here and there will let you know for sure
 
Instead of Mobil 1, I'd run a couple of short dino OCI's and than do 2 cleaning's of Auto-RX since we have no oil change history. After Auto-RX, I'd run whatever synthetic of your choosing.
 
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