Another new update to the calculator is the addition of a ‘Last Payment is Residual’ toggle, which allows Findesk to match DriveOnline’s calculations for applications in arrears with a balloon. The Drive platform calculates the balloon payment on an arrears contract as the last payment, so instead of 60 payments and a balloon, they calculate 59 payments and a balloon. Previously in Findesk this had to be manually calculated as a structured payment, but now there is a toggle that will automatically do this for you.