Hey, T-Mobile is finally an iPhone carrier now! Not only that, they’re a pretty competitive one, offering you an iPhone 5 for just $100 down and $20 a month over 24 months in what the nation’s fourth-largest carrier is calling a “no bullshit” plan. If you buy an iPhone 5 at T-Mobile, you can leave at any time as long as you pay off your device; otherwise, your service is provided month by month.
Sounds pretty great, but how competitive is T-Mobile’s new iPhone plan compared to the competition really? We compared the cheapest T-Mobile iPhone 5 plan you can get against the 24 month cost of getting one from AT&T, Verizon, Sprint, Cricket, Virgin Mobile and Straight Talk. The result? T-Mobile is one of the cheaper plans around… but it’s not the cheapest.