1998 Ford Escort engine

Engine Mechanical problem
1998 Ford Escort 4 cyl Front Wheel Drive Automatic 100k miles

hello my name is Alex my 1998 for escort zx2 had a blown transmission hoes and leaked all the water I kept driveing the car trying to make it home to avoid the tow fee and I ended up shutting the car down ive got a couple of friends look at the car and say that thier is water in the engine. My question is what may I do at this point would it be cheaper to repair the engine or buy a replacement for it any help would be grateful. Ty