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One thing to keep in mind if you go with an i5 or i7 is that you won't have the option to use ECC memory. If you're running TrueNAS, you'll need ECC memory for the ZFS cache. A Xeon E5 v2 server is old, but still has a more than enough power for your use case, and they're not particularly expensive.
If you need something more powerful, you can find some decent Xeon Gold systems on eBay, but they'll be a bit more pricey. The new Xeon W chips are also an option, but at least for me, they're prohibitively expensive.
Also I'll just add that ZFS/FreeNAS doesn't need ECC anymore that any other file system
I did some research on this, and it turns out you're absolutely correct. I was under the impression that ECC was a requirement for a ZFS cache. It does seem like ECC is highly recommended for ZFS, though, due to the large amount of data it Storrs in memory. I'm not sure I'd feel comfortable using non-ECC memory for ZFS, but it is possible.
Anecdotally, I did have one of my memory modules fail in my TrueNAS server. It detected this, corrected itself, and sent me a warning. I don't know if this would have worked had I been using non-ECC memory.