Use the following amortization chart: Selling price of home $ 90,000 Down payment $5,000 Principal (loan) $ 85,000 Rate of interest 51% Years 30 Payment per Monthly mortgage $1,000 payment $ 5.68 $ 482.80 Assume the interest rate rises to 7%. What is the total cost of interest with the new interest rate? (Use Table 15.1.) (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.) Total cost of interest