[Build Help] Building my first PC and don't know much about motherboards. Can someone look at my build and tell me if I'm in a good place motherboard-wise?

Build Help/Ready:

Have you read the sidebar and rules? (Please do)

Yes, to the best of my ability.

What is your intended use for this build? The more details the better.

Gaming

If gaming, what kind of performance are you looking for? (Screen resolution, FPS, game settings)

720p, 60fps

What is your budget (ballpark is okay)?

$500

In what country are you purchasing your parts?

U.S.

Post a draft of your potential build here (specific parts please). Consider formatting your parts list. Don't ask to be spoonfed a build (read the rules!).

PCPartPicker part list / Price breakdown by merchant

Type	Item	Price
Motherboard	ASRock B85M-DGS Micro ATX LGA1150 Motherboard	$49.99 @ Amazon
Memory	Crucial 8GB (1 x 8GB) DDR3-1600 Memory	$36.99 @ Amazon
Storage	Sandisk SSD PLUS 120GB 2.5" Solid State Drive	$44.99 @ Amazon
Storage	Seagate Barracuda 1TB 3.5" 7200RPM Internal Hard Drive	$45.89 @ OutletPC
Case	Enermax OSTROG ATX Mid Tower Case	$39.99 @ Newegg
Power Supply	Corsair CX 600W 80+ Bronze Certified Semi-Modular ATX Power Supply	$51.98 @ Newegg
Keyboard	Logitech Wireless Combo MK270 Wireless Standard Keyboard w/Optical Mouse	$19.99 @ Amazon
Other	Xbox 360 Controller Wireless Reciever	$8.00
Other	Intel Core i5-4590 BX80646I54590 Processor (6M Cache, 3.3 GHz)	$179.00
	Prices include shipping, taxes, rebates, and discounts
	Total (before mail-in rebates)	$506.82
	Mail-in rebates	-$30.00
	Total	$476.82
	Generated by PCPartPicker 2015-10-15 18:35 EDT-0400

Provide any additional details you wish below.

I would like to switch to a significantly cheaper motherboard. Would this one be okay?

http://www.newegg.com/Product/Product.aspx?Item=N82E16813157489&nm_mc=AFC-C8Junction&cm_mmc=AFC-C8Junction-PCPartPicker,%20LLC-_-na-_-na-_-na&cm_sp=&AID=10446076&PID=3938566&SID=

NOTE: You do not have to follow this format, but please be sure to answer these questions. Please do not ask to simply be given a build. You are welcome to delete this section.

Submitted by imakefuturamagifs Xbox 720 Release Date 2015