A father is building a playset for his son and needs to purchase lumber, nails, and fabric.  When he started planning the project, the necessary lumber cost $450, the nails cost $30, and the fabric cost $80.  However, recent economic inflation has caused the price of lumber to increase by 20%, the price of nails to increase by 10%, and the price of fabric to increase by 5%.  In dollars, how much more money will it cost to complete the project now (after inflation) than it would have when the father began planning?
Please reason step by step, and put your final answer within \boxed{}.
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