No, you have an LGA775 processor (the e7500) and it will not work on any motherboards with 67/68/77/79/87 chipsets -- they all have newer and different CPU sockets. When you upgrade the motherboard you will need a new CPU and probably new memory also.
can U also tell me why the mobo z87 m d3h is cheaper than h77 and h87 version which are less resourceful........also for the time being I won't be able to buy i5 , so could U recommend any cheaper option, I am planning to play games like cod ghost, nfs run crysis, assasin creed etc, should I go for g2020 processor or g2030, g2120....... I'll be getting ATI 7770 within a month...or should I buy a cheaper motherboard for c2d(any recommendations)
I hv already given the link of amazon where I hv seen the cost difference