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iPhone 5s: The T-Mobile pricing plan for Apple (AAPL) iPhone

The T-Mobile plan: iPhone 5s will sell for $99 down with 24 monthly payments of $22.91. The iPhone 5s total cost will be about $648.

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The new plastic iPhone 5C at a media event held in Beijing, China.

(AP Photo/Ng Han Guan)

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As iPhone 5c preorders are rolling out, T-Mobile has announced Friday its pricing for Apple's new pair of smartphones. The iPhone 5s will sell for $99 down with 24 monthly payments of $22.91, while the iPhone 5c will sell for $22 paid in 24 monthly payments with $0 down.

This means that over the course of 24 months iPhone 5c buyers will have paid $528 for the lower-priced iPhone with a contract, which is slightly cheaper than the $549 Apple charges for an unlocked iPhone 5c.  The iPhone 5s will cost about $648 when you include the monthly payments and the down payment, which is about the same as what Apple sells it for. As with other carriers and Apple retailers, the iPhone 5c is up for preorder at T-Mobile now and both new iPhones will be available online and in stores on Sept. 20. 

[Wal-Mart announced that it will be selling the iPhone 5C starting at $79 ($20 less than the list price) on contract from AT&T, Sprint, or Verizon – the lowest offer on a current-generation iPhone to date. The retailer will also be offering the iPhone 5S starting at $189 (a $10 discount), reports The Christian Science Monitor.]

Apple announced its iPhone 5s and iPhone 5c at a press event earlier this week in California. The iPhone 5s is the flagship successor to Apple's iPhone 5 and comes with an improved A7 processor, a motion coprocessor for detecting movement, a fingerprint scanner built into its home button and new color options. The iPhone 5c, conversely, features a plastic coating available in numerous color options and comes equipped with the same internals as the iPhone 5.

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