A real estate investor is considering the purchase of a four$-$unit office building and has the following information. The purchase price is $$969,351$ with $$8,456$ in acquisition costs. The project can be financed with a first mortgage of $$788,101$ at an interest rate of $6\mathrm{.}4$ percent for $30$years, monthly payments. Financing costs $($discount points, etc.$)$ are estimated at $3$ percent of the loan amount. There is a prepayment penalty of $4$ percent of the outstanding balance if the loan is paid off within the first $7$ years of the mortgage life. The property will be sold and mortgage loan repaid at the EOY $7.$

What is the amortized financing cost $($AFC$)$ for year $7?$