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2 year contract, upgrading to a Next plan billing details

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I currenly am on a 2 year contract with a note 5. Just recently switched a couple months ago. AT&T says I can upgrade with a Next plan. I am looking at the possibility of upgrading to the Galaxy s7 edge on a Next 18 plan which is $33.13 monthly. I am hoping to get some insite on what my final monthly bill would be. I am currently charged $30 for the 2GB data plan and $40 for the "Mobile Share Value Smartphone 4G LTE w/ VVM". If I were to add the next plan, does this mean I would pay an additional $33.13 monthly for the phone? As in additional to the $40 and $30 I already pay? Also wondering if I would need to trade in my current phone on the 2 year contract. I assume I would.


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