Thank you in advance

Javier and Anita Sanchez purchased a home on January 1, 2020, for $600,000 by paying $200,000 down and borrowing the remaining $400,000 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.

a. What is the after-tax cost of the interest expense to the Sanchezes in 2020? After tax cost of the interest expense ____________?

Javier and Anita Sanchez purchased a home on January 1 of year 1 for $1,000,000 by paying $200,000 down and borrowing the remaining $800,000 with a 6 percent loan secured by the home. The Sanchezes made interest-only payments on the loan in years 1 and 2. (Leave no answer blank. Enter zero if applicable.)

b. Assuming year 1 is 2020, how much interest would the Sanchezes deduct in year 2?

Maximun deductible interest expense __________________?