You purchased a house for $425,000 and expect first year interest of $11,500. Property taxes are expected to be $5,500/year and homeowners insurance is expected to be $1,000/year. You expect to pay $12,000 per year in state income taxes, the standard deduction is $12,600, and the max deduction for SALT is $10,000. What is the tax benefit related to home ownership if you are in the 24% tax bracket?