What is the difference between these two monitors?

I was recently given another monitor and pc. I was planning on buying a this monitor for an upcoming build Asus. I was given this HP. How good of a monitor is the one i was given?

The Asus is an IPS panel, so it will definitley be better, but if you are a bit tight on money or want to spend the money elsewhere the HP would still work fine until you could get a different monitor.

Cool. Its much nicer than the one i had. I just wasnt sure how it compared to the one i had been looking at buying.