Where’s the Cheapest iPhone 5? T-Mobile vs. Walmart, AT&T

T-Mobile is the talk of the town this week, thanks to its freshly unveiled UnCarrier plan and the fact that it’s finally getting the iPhone 5 and other older iPhones.  People are claiming that T-Mobile offers the cheapest deal one can ever find for an iPhone 5, but is it really the cheapest? Let’s find out if the claims are true.

iPhone 5 16GB : Compared

.

T-Mobile

.

Price without a contract: $580

Price with a two-year contract: No contract but an installment plan that would cost $99 for the first payment, then $20 per month for two years.

Early termination fee: No termination fee because there is no contract to terminate

Mobile hotspot: 500MB included, additional hotspot data available at an additional charge.

Data: Unlimited but may be slowed down after consuming 5GB

Text: Unlimited

Voice: Unlimited

Monthly bill: $70

Total cost: $2259

.

Walmart-Straight Talk

.

Price without a contract: $649

Price with a two-year contract: No carrier contract, pre-paid plan

Early termination fee: No termination fee

Unlimited voice, text and data: $45 a month with a 2GB data cap and Auto-refill option for continued use

Total cost: $1729

.

C-Spire

.

Price without a contract: $669.99

Price with a two-year contract: $149.99

Early termination fee: n/a

Mobile hotspot: $20 for 1GB

Infinite video streaming, data and messaging: $100

Monthly bill: $120

No activation fee

Total cost: $3029.99

.

Sprint

.

Price without a contract: $649.99

Price with a two-year contract: $199

Early termination fee: Up to $350

Mobile hotspot: $19.99 a month for 2GB

Unlimited data, talk and text: 109.99

Monthly bill: $129.98

Activation fee: Waived

Total cost: $3319.51

.

Verizon

.

Price without a contract: $649.99

Price with a two-year contract: $199.99

Early termination fee: Up to $350

Mobile hotspot: Included

Data: Share Everything Plan 2 GB – connect up to 10 devices

Text: Unlimited

Voice: Unlimited

Monthly bill: $100

Activation fee: $35

Total cost: $2634.99 – before tax & shipping

.

AT&T

.

Price without a contract: $649.99

Price with a two-year contract: $199.99

Early termination fee: Up to $325

Mobile hotspot: Included

Data: DataPro 3GB ($30)

Nation plan for unlimited talk and text: $69.99

Monthly bill: $99.99

One-time activation fee: $36

Total cost: 2635.75

.

Summary

.

T-Mobile: $2259

Walmart-Straight Talk: $1729

C-Spire: $3029.99

Sprint: $3319.51

Verizon: $2634.99

AT&T: 2635.75

Based on the numbers, Walmart and Straight Talk offer the lowest price for the iPhone 5 at $1729 spending cost for two years,but you have to take into consideration that you pay for the device at full price since Straight Talk is a prepaid service.  The $649 price tag isn’t as easy to bear.

So removing Walmart and Straight Talk from the equation, T-Mobile does offer the lowest price for the iPhone 5.  In two years, if you choose to purchase an iPhone 5 on T-Mobile, you’d just be spending $2259, way cheaper than what AT&T, Verizon, Sprint and C-Spire offer.  Plus if you want to pay for the iPhone 5 in full, you’d just be paying $580, still far cheaper than the alternatives.

About Mellisa Tolentino

Mellisa Tolentino started at SiliconANGLE covering the mobile and social scene. Over the years, her scope expanded to Bitcoin as well as the Internet of Things. SiliconANGLE gave Mellisa her break in writing and it has been an adventure ever since. She’s from the sunny country of Philippines where people always greet you with the warmest smile. If she’s not busy writing, she loves reading, watching TV series and movies, but what she enjoys the most is playing or just chilling on the couch with with her three dogs Ceecee, Ginger, and Rocky.