What's the cheapest way to get an iPhone 6?

Apple CEO Tim Cook shows off the new iPhone 6 on Sept. 9, 2014 in Cupertino, Calif.
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If you are looking for the most budget-friendly way to get a new iPhone 6, look no further.

Read More Record Apple iPhone preorders likely the envy of Samsung: Expert has come up with a pretty handy infographic that breaks down how much it would cost if the smartphone was purchased with a 2-year contract, without a contract or with an installment plan.

As it turns out, the cheapest way to get a new iPhone 6 is with a 2-year contract from Verizon, according to WalletHub. The comparison takes into account the total cost of buying a 16GB iPhone 6 and paying for a data plan with a major wireless carrier over a two year period.

Read More Wal-Mart to offer iPhone 6 for $179

By CNBC's Cadie Thompson. Follow her on Twitter @CadieThompson.