Javier and Anita Sanchez purchased a home on January 1, 2021, for $696,000 by paying $232,000 down and borrowing the remaining $464,000 with a 7 percent loan secured by the home. The loan requires interest-only payments for the first five years. Javier and Anita file a joint return, have great eyesight, and are under 60 years of age. The interest expense is their only itemized deduction for the year . Their marginal tax rate is 32 percent. What is the after-tax cost of their 2021 interest expense? (Round your Intermediate calculations and the final answer to the nearest whole dollar amount.) After-tax cost of the interest expenso