Looking for someone to help me with my PC build

[TCDZN]

I need some help with my pc build. I have a $1300-1400 budget to build a PC+Monitor but I need some help with the build.

I plan to have a Ryzen 5 1600 incorporated in the build, and possibly a 1440p monitor or a 1080p monitor with a high refresh rate.

https://pcpartpicker.com/list/TkywQV this is my planned build. How is the build and how should possibly improve it?

Ps I know about the Cryptocurrency mining which caused the GPU prices to rise and I'm willing to wait for the prices to drop back.

PPS I have a 500gb HDD that I got from my PS4 lying around that I can incorporate into the build (Yes I'm a console peasant)

Please help

 

[Mike3k24]

Added better psu, 1070, better cooler and a different motherboard
PCPartPicker part list / Price breakdown by merchant

CPU: AMD - Ryzen 5 1600 3.2GHz 6-Core Processor ($199.99 @ SuperBiiz)
CPU Cooler: CRYORIG - H7 49.0 CFM CPU Cooler ($34.89 @ OutletPC)
Motherboard: ASRock - AB350 Pro4 ATX AM4 Motherboard ($87.99 @ SuperBiiz)
Memory: G.Skill - Ripjaws V Series 16GB (2 x 8GB) DDR4-2800 Memory ($108.99 @ Newegg)
Storage: ADATA - Ultimate SU800 512GB 2.5" Solid State Drive ($136.69 @ Amazon)
Video Card: EVGA - GeForce GTX 1070 8GB SC2 Gaming iCX Video Card ($449.99 @ Amazon)
Case: NZXT - S340 Elite (White) ATX Mid Tower Case ($92.99 @ NCIX US)
Power Supply: SeaSonic - 520W 80+ Bronze Certified Fully-Modular ATX Power Supply ($54.99 @ Amazon)
Monitor: QNIX - QX2710 Matte 27.0" 2560x1440 60Hz Monitor ($199.99 @ Newegg Marketplace)
Speakers: Logitech - Z200 0W 2ch Speakers ($26.49 @ Newegg)
Other: Reflex Lab Huge Gaming Mouse Pad, Stitched Edges, Waterproof, Ultra Thick 5mm, Silky Smooth-36"x12" ($19.97 @ Amazon)
Total: $1412.97
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2017-07-17 10:33 EDT-0400