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Refinancing a mortgage in Añasco Municipio, Puerto Rico

The typical owner-occupied home in Añasco Municipio is worth about $116,300, 12% below the Puerto Rico median of $131,500 and 65% below the national median of $332,700. The median household earns $24,436 a year, so the median home costs 4.8 times the median income (5.0 times for Puerto Rico). 71% of occupied homes here are lived in by their owners, and 29% of those owners still have a mortgage.

Añasco Municipio at a glance

Añasco Municipio Puerto Rico U.S.
Median home value $116,300 $131,500 $332,700
Median property tax paid per year – $646 $3,119
Median household income $24,436 $26,297 $80,734
Homes lived in by their owners 71% 68% 65%
Owner homes with a mortgage 29% 37% 61%
Median monthly costs, owners with a mortgage $839 $946 $1,963
Those costs as a share of the owners' income 27.1% 24.1% 21.0%
Median rent $576 $578 $1,413
Rent as a share of renters' income 23.9% 30.4% 30.6%
Median year homes were built 1978 1979 1980
Vacant homes 24.7% 21.0% 10.1%
Population 25,094 3,234,309 334,922,499

What refinancing could save in Añasco Municipio

Añasco Municipio owners with a mortgage pay a median $839 a month for their mortgage, taxes, insurance and utilities, about 27.1% of their household income.

Say you owe $70,000, about 60% of the median home value here, on a 30-year loan at 8.11%. Refinancing into a new 30-year loan at this week's average of 7.11% would cut principal and interest from $519 to $471, saving about $48 a month.

Closing costs often run 2% to 5% of the loan. At 3%, about $2,100, the savings would cover the costs in about 44 months, so refinancing pays off if you keep the home longer than that.

A 15-year loan at 6.45% would raise the payment to $608, but you'd pay $60,107 less interest than on the new 30-year loan.

The average 30-year rate is 0.87 percentage points higher than a year ago, when it was 6.24%.

Refinancing a $70,000 balance
Current loan at 8.11%, 30 years$519
New 30-year loan at 7.11%$471
New 15-year loan at 6.45%$608
Monthly savings with the new 30-year loan$48

Principal and interest only; taxes and insurance stay the same.

Change the numbers in the calculator

Questions about mortgage refinance in Añasco Municipio

What is the median home value in Añasco Municipio?

About $116,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.

When does refinancing make sense?

When the monthly savings repay your closing costs before you expect to sell or refinance again. This week's average rates are 7.11% for 30 years and 6.45% for 15 years.

More about Añasco Municipio

Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data