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Is there a downside to paying of a Next plan early?

I could pay off my phone now to cut my bill by $20/month. Will I  lose the $15 dollar monthy discount? Will I "own" the phone and not have to trade it in if I buy a new phone? Any reason not to pay it off early?

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How can I payoff my phone on AT&T Next?

Can I do it online, do I have to visit a store, or do I need to call?

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How do I pay off the amount owed on my device purchase

I still owe 400$ on my iPhone 6. How can I pay it off early?

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