The desktop of yours has a few problems:
- The i7-3770 has a relatively slow turbo-boost clock speed by current standards, even when only one core is in use. After Effects, especially recent versions, is not well multi-threaded to begin with while at the same time demands relatively high CPU clock speeds. Older CPUs simply cannot reach such high clock speeds even under a lightly threaded load.
- Worse, the i7-3770 simply cannot keep up at all with even a new Comet Lake (10th-Gen) i3 CPU, let alone today's multicore CPUs, in performance. In relation to current Intel and AMD CPUs, the i7-3770 not only falls in between a 10th-Gen quad-core i3 and a Comet Lake-based dual-core Pentium, but it also gets dominated by even the cheapest AMD Ryzen 3 3100 CPU. Only the Ryzen 5 3400G APU (which is actually based on the older Zen+ architecture rather than the newer Zen2 architecture) comes anywhere close to the performance of that i7-3770.
- To top (or bottom) it all off, the GT 640 is not only old, but it is excruciatingly sluggish by current discrete GPU standards. Worse, the Kepler architecture that it uses has aged very ungracefully, just like every single older-generation Nvidia GPU architecture up to and including the recently discontinued (for midrange and high-end desktop) Pascal.
As such, I think you made a wise decision to give up all hope for that desktop PC, especially since the few upgrades that are needed to bring its performance up to even the minimum recommended performance requirement (the GPU, RAM and storage) would cost you as much money as or more money than what the rest of the system combined is currently worth. After all, why spend nearly $500 on new components (based on the average street prices of a GeForce GTX 1650 Super, four 8 GB sticks of DDR3-1600 RAM and a 1 TB 2.5" SATA SSD) just to bring the overall performance of a system whose remaining components (including the CPU) are worth less than $250 combined anywhere close to par? To me, that's just plain foolish.
And in addition, you should also give up all hope for your laptop: The low-power (and thus low-clock-speed) 4-core/8-thread CPU is bad enough, but the lack of a discrete GPU and the lack of sufficient RAM will result in your system getting depleted of usable RAM - and when that occurs, your entire laptop will crash, often in the middle of a work job. The culprit, in this case, is the memory subsystem that's shared between the integrated graphics and the main system RAM, and that the integrated graphics can steal more than 6 GB of that paltry 8 GB of RAM just for itself, leaving you with less than 2 GB total available for the software in your system whenever the iGPU is performing heavy video processing. Don't even bother running Creative Cloud at all on that laptop. Now if it had more installed RAM, or if it came with a decent discrete GPU, then maybe.
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