Samsung’s latest clamshell-style foldable is officially here, and it brought a new, more affordable sibling to the party. The Z Flip 7 was announced at Samsung’s summer Unpacked event this morning, and it’s been updated with an edge-to-edge cover screen. Alongside it, Samsung is also launching a new model: the Z Flip 7 FE, which maintains the older folder-shaped cutout for the cover screen.

The Z Flip 7 FE is the first foldable that Samsung has introduced in its “Fan Edition” line, which provides budget-friendly alternatives to the company’s flagship Galaxy phones. At $899, it’s not quite affordable enough to compete with Motorola’s Razr, which starts at $699, but it’s a lot cheaper than the standard $1,099 Z Flip 7 model.

Both versions are available for preorder in the US starting today, with general availability beginning July 25th. The Z Flip 7 comes in a few color options, including black, blue, red, and green, while its FE counterpart is only available in a choice of black or white.

The new Galaxy Z Flip 7 FE closely mirrors the Z Flip 6. It has a similar 3.4-inch cover screen with a 720p resolution and a 6.7-inch internal display, a 10-megapixel front camera, a 12-megapixel ultrawide, and a 50-megapixel wide-angle camera. It also has a 4,000mAh battery and a choice between 256GB or 512GB of storage. Some aspects are a downgrade, however — while the Z Flip 6 has 12GB of RAM, the Z Flip 7 FE is only offered with 8GB, and it sports a slower Exynos 2400 chipset instead of the 4 nm Snapdragon 8 Gen 3.

The Z Flip 7 has a few other upgrades by comparison. It features an almost borderless 4.1-inch AMOLED cover display that wraps around the camera, alongside a slimmer hinge design than its predecessor. The 6.9-inch internal display is a smidge bigger, and both the internal screen and cover display support a 120Hz refresh rate and 2,600 nits of peak brightness, while the previous-gen cover screen capped out at 60Hz and 1,600 nits.

The Z Flip 7 also supports Samsung’s DeX desktop mode and comes with a larger 4,300mAh battery despite being slightly slimmer overall, measuring 13.7mm thick when folded. Most other features remain consistent with the previous generation.