Baylen, Whose Adjusted Gross Income Is $60,000, Purchases a New

Baylen, whose adjusted gross income is $60,000, purchases a new home during the year, borrowing $300,000 from Century National Bank to finance the purchase. He also pays $3,000 in points and $4,500 in loan origination fees. During the year he pays interest of $14,000 on the loan. What is Baylen's allowable interest deduction?

A) $14,000
B) $15,800
C) $17,000
D) $18,800
E) $23,300