Look up effective top tube and seat tube length and you'll have your answer.
As for the bike, your price was OK, but those components are nothing to write home about.
If everything works fine you should just ride what you have.
There's no sense spending serious money on a good frame and using mediocre components on it.
p.s., post up a picture of the seat and post; I swear the post looks like it was installed backwards..
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