Widows 10 is terrible for older software, Software from the XP 32 bit days runs fin for me on Windows 7 and even 8.1.
But the slow response and freezing is what you can expect with W10 from old software. Some things like my Canon Scanner software take 6 tries just to open.
Sonar 8.5 is a great version and I used it for longer than any other version as I skipped over X1 and X2 as I saw too many issues reported here on this forum. But that was using Windows 7.
Owning an older version gives you begging rights for a lower price point on the new versions.
Check your store page.
And as said above, your system specs are really not even close for running W 10. It's now standard to have a min of 16 Gigs.
If I was you I'd look into a new machine first and then think about a new version of Sonar next. Nothing wrong with 8.5. You'll have to look at the features list, however, and you'll see they have added a ton of good stuff. The biggest reason for the flagship is the add ons, the lower versions do most of the same work, but it's the add ons like Addictive Drums that are well worth the ticket price.
For now as said above your actually better off running Windows XP and Sonar 8.5 on that computer. Windows 7 might not be an option as it was expensive to purchase back when.