Javier and Anita Sanchez purchased a home on January $1,2023,$ for $$816,000$ by paying $$272,000$ down and borrowing the remaining $$544,000$ with a $7$ percent loan secured by the home. The loan requires interest$-$only payments for the first five years. The Sanchezes would itemize deductions even if they did not have any deductible interest. The Sanchezes' marginal tax rate is $32$ percent.

Problem $14-45$ Part c $($Algo$)$

c$.$ Assuming the interest expense is their only itemized deduction for the year and that Javier and Anita file a joint return, have great eyesight, and are under $60$ years of age, what is the after$-$tax cost of their $2023$ interest expense?

Note: Round your intermediate calculations and the final answer to the nearest whole dollar amount.

After$-$tax cost of the interest expense