other long term debt in december 2012 , the company entered into a $ 50.0 million recourse loan collateralized by the land , buildings and tenant improvements comprising the company 2019s corporate headquarters .
the loan has a seven year term and maturity date of december 2019 .
the loan bears interest at one month libor plus a margin of 1.50% ( 1.50 % ) , and allows for prepayment without penalty .
the loan includes covenants and events of default substantially consistent with the company 2019s credit agreement discussed above .
the loan also requires prior approval of the lender for certain matters related to the property , including transfers of any interest in the property .
as of december 31 , 2017 and 2016 , the outstanding balance on the loan was $ 40.0 million and $ 42.0 million , respectively .
the weighted average interest rate on the loan was 2.5% ( 2.5 % ) and 2.0% ( 2.0 % ) for the years ended december 31 , 2017 and 2016 , respectively .
the following are the scheduled maturities of long term debt as of december 31 , 2017 : ( in thousands ) .

2018
$ 27000
2019
63000
2020
25000
2021
86250
2022
2014
2023 and thereafter
600000
total scheduled maturities of long term debt
$ 801250
current maturities of long term debt
$ 27000

interest expense , net was $ 34.5 million , $ 26.4 million , and $ 14.6 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .
interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .
amortization of deferred financing costs was $ 1.3 million , $ 1.2 million , and $ 0.8 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively .
the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .
7 .
commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .
the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .
the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2017 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .
the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2017 as well as .

Question: what was the percentage change in interest expense net from 2015 to 2016?
Answer: 81%

Question: what is the percentage increase in interest expense from 2016 to 2017?
Answer: 30.7%

Question: what was the percentage change in interest expense net from 2016 to 2017?
Answer: 31%

Question: what is the percentage change in the balance of outstanding loan from 2016 to 2017?
Answer: 5.0%