Free iPhone with plan upgrade

f38YhhQ2
Newbie

I was going through the online process to get a "free" iPhone with my trade in and agreement to upgrade the plan for that phone.  Upgrade for new Unlimited plan is equal to the $27/month if I just bought and financed the phone, but this way I get a better plan.  But when I read the Agreement before agreeing, it appears that I am agreeing to have Verizon finance the phone and expects me to pay $27/month for 36 months.  Will I get charged for this AND the additional payments for the upgraded plan/line? 

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