The cpu you have chosen isnt over clockable, but the board you have chosen is made for overclocking, you would be fine with a H77 chipset, if you do not plan on overclocking. I would also suggest a better brand powersupply, Antec, Seasonic, Corsair decent i personally like antec.
Thanks for the reply! Which specific Z77 chipset? Do you also have a link to a specific Power Supply?