I`d rather go with the below build, instead of lowering the performance from the GPU or CPU side.
What I did: removed CPU Cooler (you can add it later, the CPU is great and you don`t need to OC it to play the latest games), cheaper but still good RAM, cheaper case (can also be replaced cheaply later on), went for a different monitor, but still 24" 60 Hz.
Let me know what you think:
PCPartPicker part list:
http://pcpartpicker.com/p/yXjt99
Price breakdown by merchant: http://pcpartpicker.com/p/yXjt99/by_merchant/
CPU: Intel Core i5-4690K 3.5GHz Quad-Core Processor ($199.99 @ Micro Center)
Motherboard: ASRock Z97 PRO4 ATX LGA1150 Motherboard ($99.99 @ Newegg)
Memory: Kingston XMP Blu Red Series 8GB (2 x 4GB) DDR3-1600 Memory ($75.99 @ Amazon)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($57.98 @ OutletPC)
Video Card: Asus Radeon R9 280X 3GB DirectCU II Video Card ($308.99 @ SuperBiiz)
Case: Cougar Solution (Black) ATX Mid Tower Case ($19.99 @ Newegg)
Power Supply: EVGA SuperNOVA NEX 750W 80+ Bronze Certified Semi-Modular ATX Power Supply ($59.99 @ NCIX US)
Optical Drive: Samsung SH-224DB/BEBE DVD/CD Writer ($14.99 @ Newegg)
Operating System: Microsoft Windows 8.1 (OEM) (64-bit) ($89.98 @ OutletPC)
Monitor: Acer G246HLAbd 60Hz 24.0" Monitor ($119.70 @ Newegg)
Total: $1047.59
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-08-02 00:48 EDT-0400