So thanks do you have price estimates for upgrading both of those would be?
You got an AM2+ Socket right there, Which is compatible to the newer phenom II AM3 Socket that is backward compatible. Take a look at this: http://www.newegg.com/Product/Product.aspx?Item=N82E16819103940&Tpk=x4%20940
it come without heatsink but I think you can use your old heatsin5k.
For PSU, I think CX430 with Mail in Rebate is your best, because it's $27 (with shipping) as rolli59 said.