How much does the iPhone SE cost?

Update: The iPhone SE did not see a major decrease in price after the release of the iPhone 7 and iPhone 7 Plus. The iPhone SE is now available in the classic colors of Silver, Gold, Space Gray and Rose Gold. It is available at full price for $399 for the 16GB model, and $449 for the 64GB model. Apple also has it listed $16.63/month and $18.71/month with carrier financing.