We have to use mortgage formula to find monthly payment here.
The formula is
Where, M = monthly payment, P = principal amount, r = rate of interest, n = number of payments.
Here given, P = 375,000,
r = 4.6% annually = % monthly = 0.3833333% = 0.00383333.
As 15 years given and we know there are 12 months in a year.
So n =
Now by plugging in all the values in the formula we will get,
By calculating them we will get, M = $2888 ( Approximating to the nearest whole number)
So we have got the required answer.
Option 4 is correct here.