In January 2020, Roger takes out a $500,000 mortgage to purchase a main home with a fair market value of $2,000,000. In February 2020, the taxpayer takes out a $200,000 home equity loan to put an addition on the main home. Both loans are secured by the main home and the total does not exceed the cost of the home. In 2020, Roger pays $10,000 interest on the first mortgage and $7,000 interest on the home equity loan. How much of the interest is deductible?

a$0

b$7,000

c$10,000

d$17,000