The Khurana family is building a home for $87,000 on a lot they own. They
estimate their expenses for the first year to be: mortgage interest, $5,788; property
taxes, $1,904; insurance, $347; lost interest income, $1,140; depreciation, 2% of
the home's cost; maintenance and repairs, $900. The cost of heating, electricity,
and water is estimated to be $1,860. The Khurana's expect to save $1,050 in
income taxes as a result of owning the home. What will be the net cost of the
home the first year?

Help please