Is the SE under contract or do you owe payments on it?
If the SE is under contract, your choices are limited to buying a new phone for full retail cost
If the SE is under payments, you need to pay off the phone, and then you can get a new phone on payents. Verizon is offering iPhone 7 32 GB for $10/month
If the SE is not under contract and you are not under payment plan, then you can get a new iPhone 7 32 GB for $10 month.
This is a very limited holiday offer and can go away at any time.