Your mobo won't be compatible with your CPU. You can either shell out another $20 and get the Haswell version (i7 4770) or find a mobo that works with ivy bridge. Other than that, it looks like that should work just fine for gaming (although depending on the game you will probably be around mid settings).
If you plan on doing any sort of overclocking or if you plan on using Crossfire anytime in the future, I would suggest that you buy a z77/z87 board instead and that you buy the unlocked (k) version for your CPU. If not, the standard CPU and h77/h87 setup will work just fine.