Verizon is also phasing out two-year contracts, although existing customers still have the option to renew. Their pricing is the simplest — either buy the phone outright for $400 or $500 or pay $16.66 or $20.83 per month for 24 months (for the 16 GB and 64 GB models, respectively). That’s about the same as AT&T, but with a slightly more expensive insurance plan at $11 per month.
Verizon does give you the option of trading in an iPhone 5s (provided you own it), which will allow you to get an iPhone SE for $10 per month for 24 months. That’s basically getting $160 for your iPhone 5s, which must be in good working condition. Not as good as what AT&T is offering, and definitely not as good as what you can probably get if you sell your iPhone 5s on eBay.
T-Mobile’s pricing is the same as everyone else, more or less. Buying outright is still $400 or $500, and $16.67 and $20.84 per month for 24 months line up with AT&T and Verizon. T-Mobile’s insurance coverage is cheaper, at $8. You’ll need to tack on $20 for a SIM starter kit, though.
Sprint still has two-year contracts, so here’s where you’ll be able to pick up a free iPhone SE (or $50 up front for a 64 GB model). Interestingly, while the full prices are the same, Sprint does monthly pricing a little differently. Monthly payments will be $16.67 per month for 24 months for both the 16 GB and 64 GB models, with the 64 GB requiring a $100 up-front payment. Their insurance plan is $9, and does offer coverage for lost or stolen phones.