UPDATE - 1/15/2016 (More pics coming soon) I ended up going with the XFX R9 390. I got it for $304 with $30 rebate from Newegg. I also mount an extra 90mm fan inside the case along with Silverstone fan hub controller.
On the side notes, I've noticed those corsairs fans are becoming way too loud. I tried to adjust the fan speed in the BIOS but it hasn't improved much. The stock fan that came with the H60 hydro runs betwen 3000-4600rpms. I'm planning to go with Noctuas for the next upgrade.
My main focus of this build is to get the best out of my budget without sacrifice performance. Some of the parts I bought as used. The purpose of this build is for Graphic Design, and some light gaming. I'm not planning to over-cloking.
Processor: I was going to get the E3-1231 v3 at first, but then one of my friend was selling his 4790K at the same price, so I opted for the i7 instead.
Mobo: Again, I decided to go with an H97i for a better price, since I'm not planning to OC, there is no reason to buy Z97.
VGA: I'm planning to upgrade to a different PSU (EVGA G2) and better GPU at the end of this year, potentially GTX 980 or the R9 390.