Ah yes, that explains a lot of it lmao. That amount you see does not factor in the cost of AT&T next, per the terms that you copied and pasted. Also, go on the AT&T website, check the prices of iPhones, and find me a single configuration with a monthly cost of $50 a month. It doesn't exist. Why? Because the 24 month installment doesn't exist. You really did not read your agreement at all since literally page 1 says it is a 30 month installment, and it sure as hell doesn't say that $50 a month rate you're talking about it because it doesn't exist. It's alright, at the end of the day its your predicament. I hope you like your current phone; you'll be using it for 15 months.
nope. Your wrong. cost to upgrade new phone now was like $47 when I view it on ATT website.
I also have a FAN account. I have read my contract numerous times and called ATT and it requires this which is what the ATT FAN account rep confirmed: AT&T Installment Plan with Next Up: Price includes monthly smartphone installment payment and separate additional $5/month Next Up upgrade feature charge to be upgrade eligible with qualified trade in when 50% of device cost of the financed device is paid off. Upgrade requires a minimum of 30-90 days on installment depending on credit and other factors (subject to change), account in good standing, trade-in of financed device in good physical and fully functional condition through the AT&T Next Up.
could not be clearer here. Taken EXACTLY FROM MY AGREEMENT (I have att next installment plan with next up).
14. TRADE-IN UPGRADE FOR SMARTPHONES.
a. For a smartphone Device only, You may be able to return the Device early to us and upgrade to a new
I. II. III. IV.
V. b. qualifying device (a “Trade-In”). Trade-Ins are subject to the following: Available agreements, offers, and Service requirements.
Devicepurchasedon

i)AT&TNextEveryYear®,(ii)AT&TNext®,or(iii)AT&TInstallmentPlanwithNextUp. Accountingoodstanding
Return Device as instructed in good physical and fully functional condition within the designated time. If return is unsuccessful for any reason, You agree to pay all remaining and future installment charges under this
Agreement. Once You return Device, it cannot be reversed, and You will not get Device back.
Payments made of the Total Sales Price of at least: (i) 50% on AT&T Next Every Year®, (ii) 80% on AT&T Next®, or (iii) 50% on an AT&T Installment Plan with Next Up feature (“Next Up”) and current on all Next Up charges at time of Trade-In. Payment of the Next Up charge is additional and not applied to: Your Amount Financed,
Total Of Payments, or 50% of Total Sale Price requirement to upgrade early.
To cancel Next Up at any time: visit an AT&T store (or other location we designate), use Your att.com/myATT account (or other applicable online account), or call customer service (611 from Device). You are responsible for Next Up charges billed before You cancel. If You cancel, You lose the ability to Trade-In and cannot reenroll
in Next Up. Next Up charges are non-refundable, and You must pay the remaining installment payments.
If You stop paying the monthly Next Up feature charge without canceling, You remain obligated to pay it. See
i just really dislike when people provide incorrect information on these forums. $1199/2=$599.50 to upgrade in one year, that is 50% of my contract. Since I have paid a payment already that would bring it to the $559.53 price I indicated it would cost be now to upgrade.