For my iPhone 5, I believe its $325, less $10 for each full month of Service Commitment completed. I had completed 2 months. So that would be $305.. I know that I will have to pay for the remaining bill charges too, plus taxes So I assume that $400 will be enough for me to get out of the contract without returning my iPhone 5 to AT&T? I dont have to pay for my device right? Anyone here tired to cancel your AT&T contract? I want to know if AT&T will charge any other fees like service charges...etc and estimate around how much would it cost to cancel my iPhone 5 contract. Thank you! I am planing to switch to straighttalk $45 unlimited plan though!