Considering mass of the Sun and Earth to be $M$ and $m$ respectively, we have the potential energy of the system to be equal to $\frac{-GMm}{r}$ when defined zero at infinite separation, $r$ is the separation of the two bodies. The kinetic energy of the earth(taking the sun to be frame of reference) will be $\frac{GMm}{2r}$ (by equating the force of gravity and the centripetal force on earth, and thereby finding the velocity and putting into equation $\frac{1}{2}mv^2$).
The above statement(s) seem to imply that the magnitude of the kinetic energy is half of the potential energy. Which means a change in potential energy causes half the change in kinetic energy (being opposite). Also since in this system the force of gravity being an internal conservative force, the total Mechanical energy 'should' be conserved. But the total mechanical energy is equal to $\frac{-GMm}{2r}$ which is a function of the separation between the two bodies. And, where is the extra half of potential energy change is going to? What am I missing here?