you will play at medium-low settings for the most part at 1080p.
change the ram to something that is 1333mhz, and 1.5v. the CPU wont even run 1333mhz which would make the 1600mhz go to waste. 1333mhz is okay since its cheaper than 1600mhz and its much more common than the 1066mhz ram that the CPU usually runs.
the ram would automatically underclock the ram so everything should run fine
id suggest at least a 7770 but if you cant afford it, no problem