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2-week Nicaragua itinerary -- any feedback?

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I'm leaving in 2 days for a last-minute trip to Nicaragua, and would love some feedback on my tentative itinerary. Thank you!

About me:
- mid-twenties solo female traveler
- strong Spanish
- Low budget, will stay in hostel dorms and take public buses for the most part, both to cut costs and to meet other travelers; Can splurge a little on accommodations for something really special ($100 usd MAX), or on transit if it will save a lot of time.
- like hiking, nature, culture, looking to relax a little bit
- not into the party scene

Rough itinerary:
- Fly into Managua, arrive late at night, stay in city center
- Laguna de Apoyo for 3 nights. Daytrip to Masaya volcano & possibly Coyotepe one day
- Granada for 2 nights
- ALTERNATELY, 1 night Granada & 1 night at Mombacho Lodge (is it worth it?)
- Ferry from Granada to Ometepe, stay for 3 nights
- Ferry from Ometepe to San Jorge, then bus to Playa Coco for 3 nights
- ALTERNATELY, Solentiname islands for 3 nights.
- Head to Leon, arrive in the evening and spend 2 nights
- ALTERNATELY, head to Matagalpa or Jiquillo?
- Final night in Managua for 12pm flight next day

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