Is Verizon Edge worth it with iPhone 6?

Noble Actual

macrumors 6502a
So say I have

iPhone 4 -> planning to upgrade to iPhone 6
iPhone 4 -> planning to upgrade to iPhone 6
iPhone 4S -> planning to upgrade to iPhone 6
iPhone 5C

The two iPhone 4 have unlimited data so when I upgrade to the iPhone 6, I will be part of the More Everything Plan.

4 Smartphones + 10GB data = $260/month

Say I choose Verizon Edge. On Verizon's site it says I can only pay $160/month. How is it calculated?

Those 3 iPhone 6's I'm planning to upgrade will be a renew of the 2 year contract, I am not paying them full upfront.

Is Edge still worth it?
 
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