Brooks Systems LLC
P.O. Box 201
West Mystic, CT 06388
(866) 932-2252
(860) 572-0651 (fax)

Email: Sales | Support

BrooksWebCalcs v1.1 has been developed to take advantage of the latest technological features offered by Microsoft. Because your browser is not Internet Explorer 5.5 or later, we cannot guarantee that all features and functionality will be available to you.

We highly recommend you visit Microsoft to download the most recent version of Internet Explorer. If you have any questions regarding supported web browsers, please contact us at support@brookssystems.com.

New Features

Brooks Systems has made the newly modified Truth in Lending Disclosure available in BrooksWebCalcs effective January 30th, 2011. To produce the new disclosure, tick the Truth in Lending checkbox on the Print Options page. Select 'Default TIL' from the dropdown menu and complete the TIL Options on that page. To produce a Credit Sale TIL with the 5th fed box, tick the 'Credit Sale' checkbox and enter the downpayment amount. You no longer have to select 'Credit Sale' from the dropdown menu.

If the application date is prior to 1/30/2011 or you desire the old TIL, choose one of the options beginning with 'LEGACY'.

Our user-defined cashflow type provides a great deal of flexibility, but we cannot possibly anticipate every type of loan. Therefore, only the most common types of loans have been coded for use with the new disclosure. Fixed rate, fixed rate interest-only, ARMs and interest-only ARMs can be done with user-defined. If you have a loan that is not currently supported by BrooksWebCalcs, please contact support and provide a description of your loan.

We are working diligently to provide support for negative amortization loans. Until the math is ready, we have provided a manual form. On the Print Options page, indicate the loan is a negative amortization loan by choosing the 'Yes' radio button and then selecting the number of adjustments expected. This controls the number of columns the Interest Rate and Payment Summary table will display. For example, 0 adjustments means your table will have the Introductory and Maximum Ever columns. 1 adjustment adds the First Adjustment column and so on.

In addition to user-defined and negative amortization loans, we are also working on support for buydowns. This fix should be released soon.

The Rate Adjustment section can be used for Lender-Paid Insurance.

Charges are incurred when the "Calculate" button is clicked. Please ensure your loan data is correct before clicking. You can use your browser's back button to make corrections, but be aware that if you do make changes, data you've entered in later sections may not be there.