Want to upgrade my gaming rig. PLEASE HELP

Hey guys I am not sure I am in the right forum so if i am not i apologize. I posted this a day ago and did not get a response. I am going to try again. I may have not posted it properly

I am looking to upgrade my PC to be able to handle games like BF4 on higher settings. I also want to get a second monitor. I would like to spend under $500 on the upgrades. (not including the monitor) I do not know what my rig will handle when it comes to adding a graphics card or swapping out for a new one. I.E how it affects my power supply and CPU. What would be my best choice to ensure longevity for my PC and gaming experience. I am open to any and all suggestions. Thank you in advance
Below is a list of my system specs:

=============== =================================== ===== ========== ==========
ID-INFO 243162 ULTRA7500Z 1 0.00 0.00
CU-200-303 AMD PHENOM II X6 1090T 3.2GHZ RETAIL 1 779.00 779.00
HD-403-301 640GB SATA III 6GB/S 7200RPM 64MB CAC 2 27.00 54.00
RM-317-501 2GB DDR3 / 1600 MHZ MEMORY 4 28.50 114.00
Ram upgraded to CORSAIR Vengeance 8GB (2 x 4GB) 240-Pin DDR3 SDRAM DDR3 1600 (PC3 12800) Desktop Memory Model CMZ8GX3M2A1600C9R I left two of the 2GB DDR3 in.
FA-104-116 CASE FAN 120 MM 1 0.00 0.00
CS-432-102 BLACK AXP970-001 BK MID TOWER NO WIN 1 6.00 6.00
NL-102-102 BLUE COLD CATHOD LIGHT 12 1 10.00 10.00
CD-139-201 BLACK SONY 24X DVDRW 1 3.00 3.00
RAID-0 RAID-0 STRIPING 1 0.00 0.00
MB-362-101 GIGABYTE GA-870A-UD3 2 WAYS AM3 870 D 1 18.00 18.00
PS-126-108 XTREMEGEAR 800 WATT POWER SUPPLY 1 37.00 37.00
MISC ONBOARD 7.1 SOUND 1 0.00 0.00
VC-200-107 MSI NVIDIA GTX 470 1.25GB 1 171.00 171.00
NC-114-102 ZONET ZEW1642S IEEE 802.11B/G/N 300MB 1 29.00 29.00

SW-170-103 WINDOWS 7 HOME PREMIUM 64-BIT 1 0.00 0.00
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More about upgrade gaming rig
  1. You're about at the max CPU available for that AM3 socket MB. If you keep that system, the only issue would be the quality of the xtremegear PSU. I'm not familiar with that make, but have heard it is rather cheaply made. But check the nameplate for the +12V amp rating. If it is adequate, you can upgrade to a better gfx card that will help tremendously. If the PSU needs changing, you will have to split your $500 between a new PSU and card.

    Oh, and O/C that Thuban 6-core to as high as it can go and still be stable. If you are unfamiliar with overclocking, you can usually just increase the clock multiplier on those Black Edition processors and get a nice O/C that way.
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