This year, Major Healy paid $37,250 of interest on a mortgage on his home (he borrowed $745,000 to buy the residence in 2015; $845,000 original purchase price and value at purchase), $5,750 of interest on a $115,000 home equity loan on his home (loan proceeds were used to buy antique cars), and $9,750 of interest on a mortgage on his vacation home (borrowed $195,000 to purchase the home in 2010; home purchased for $487,500). Major Healy's AGI is $220,000. How much interest expense can Major Healy deduct as an itemized deduction?