Seeking answers if this will fit together

Yes they will fit together, generally the only things that won't fit together would be your CPU and MB, but since it's an 1155 socket CPU and an 1155 socket MB you're good to go.

There's a couple other things to keep in mind as far as compatibility, not necessarily just the actual items fitting together, such as MB's and CPU's downclocking RAM to a certain maximum, making it pointless to purchase RAM rated for super fast speeds, but it doesn't look like you have any of these issues either. Good luck with the build.

Cheers man, I appreciate the answer.

You are getting an cpu that OverClocks - why not get a cooler - EVO212 will do fine. What is the main purpose of this computer? If gaming i5 will do and you won't need/use 16G of RAM.
-Bruce
p.s. use the template in the new build section to ask for advice for new builds.
http://www.tomshardware.com/forum/353572-31-build-upgra...

Sorry for not using the template. It's for gaming but I'll be doing quite a bit of video editing aswell. I'm not going to overclock in the near future though.

In that case 16G may be usable and the i7 is the way to go. These processors run hot so a cooler will work better even if not OCing. It is usually easier/better to put the cooler on when you are building. If/when you want that extra boost an OC will give, you won't have to mess with any hardware.
-bruce

Will the heat be a problem without overclocking?

No, it won't be. Just keep your case in a relatively open space to help it get good airflow. The Stock Intel cooler is perfectly fine for stock clocks. Also, what graphics card are you getting? The link doesn't work. You might want to keep in mind that CPU at stock clocks will hold back and bottleneck the top tier of cards when it comes to gaming.

I'm getting the Asus Matrix Radeon 7970 3GB.

The CPU at stock clocks will hold that card back, you'll notice some of the more CPU demanding games won't be running as good as you think they should with a build of that budget. Try to shoot for a modest overclock of 4.1-4.2 GHz, this is safe and quick and shouldn't require a voltage change. An aftermarket cooler like the Hyper 212 EVO isn't very expensive and will work very well for a mild overclock such as what I said above.

Exactly how do you overclock? Is it safe? Will it wear down my computer faster? Are there any big benefits?

Currently there is no money for another fan, I will have in a month though.

You overclock by using your motherboard's BIOS. It is safe if you do it correctly, it might cause some extra wear on the CPU but not to a level where it will noticeably reduce lifespan. The benefits are pretty huge as far as performance goes. If the stock clock is 3.4 GHz, and you overclock to 4.4 GHz for example, that's 1 billion more decisions your computer can make every second.

Here's a great guide to overclocking written with the motherboard and CPU you will be getting in mind.

http://www.overclock.net/t/1198504/complete-overclockin...