I need to compare two dates to show an edit link if it is within 5 mins after the post was made, in php. If after 5 mins dont show anything.

$answer_post_date = get_the_time("Y-m-d");

$current_date = date("Y-m-d");

$formated_current_date = strtotime($answer_post_date);
$formated_answer_post_date = strtotime($current_date);

At this point i have two values:

1274414400 ($formated_current_date)
1276056000 ($formated_answer_post_date)

I am not sure what to do next to check if the current date/time is !> 5 mins from answer post date.

Any suggestions would be great

All i really need the answer to be is a Boolean (yes/no) and if yes display the minuets left to show the link to edit.