What you have laid out seems a bit lopsided in some areas.
Firstly, you are looking at the i5-2500K which is a great processor, but your motherboard is designed for the new Ivy Bridge processors (Z77 chipset); you might be able to go with a Z68 motherboard
and save some money while not losing any functionality. Secondly, the RAM you have selected is an 8GB DDR3 1333MHz module, it might be beneficial to go with a 2x4GB dual channel kit
, this will allow you to utilize dual channel and it gives you a heat spreader for $1 additional cost. Third, all the components you have selected do not warrent a 700W power supply but rather roughly a 500W
. Also, with a system like that you would benefit from a Solid State Drive
Just my opinion, hope it helps.