Verizon Edge Program

[Wendi]

I'm on the Edge plan, $24.99 a month no money down, no contract, you have to pay for half the retail amount of the phone before upgrading, so most phones after 11 months your good to go, I'm a phone junkie and love to have the latest and greatest cell on the market..... I had a 6 month old Galaxy S4 that I couldn't deal with so I added a line and sold the S4 to Best Buy for $325.00, only paid $199.00 for the phone.

Is the $24.99 on top of the monthly contract for the phone? I currently pay $260.00 for 4 phones, so If I do the edge is that $24.99 each phone on top of that?