How much would an iPhone 4s cost me with an upgrade? (verizon)?

I have a regular old dumbphone from verizon and an upgrade available. I read that the iPhone 4s costs 199 with a two year contract from verizon. So if I have an upgrade to use does that make it less money? I want one really bad but they're pretty expensive.

No, when you are eligible for an upgrade, you get the same price as the new contract price, so it'd be $199.

When you aren't eligible for upgrade, you have to pay the retail price of $599.