This Year, Mr and Mrs Franklin Paid $93,000 Interest on a Mortgage

This year, Mr and Mrs Franklin paid $93,000 interest on a mortgage incurred in 2008 to build their home in Santa Fe. The average principal balance of the mortgage was $1.43 million. The home has an appraised FMV of only $900,000. Compute the Franklin's itemized deduction for their home mortgage interest.

A) $65,035
B) $58,531
C) $93,000
D) None of the above