In 2019, Zoya purchased her principal residence for $400,000. On January 15, 2022, when she owed $360,000 on the original mortgage, she took out a home equity loan. In January 2022, the fair market value of the home was $490,000. The home equity loan proceeds were used to purchase a new car and pay off credit cards. It was not used to build, buy, or improve her home. During the year, she paid $6,350 in interest on her first mortgage and $1,490 in interest on the home equity loan. What amount of mortgage interest can Zoya deduct on her Schedule A (Form 1040), Itemized Deductions?

$1,490

$4,860

$6,350

$7,840