Garage Band alternative for windows Is there any software for windows which can perform live audio modification during recording. I have a samson go usb mic but still records are a bit lacking in terms of the professional audio quality like a hint of a reverb etc. 

I know garage band for Mac has ability to have these effects in real time to your audio. Any software for windows or other alternative to have that high bass cool sounding audio for podcasts/screencasts.
One that comes to mind is Presonus Studio One vr3 It is about $50 and is a full featured digital audio workstation. There is also sonar, protools and ableton live but I believe they are all quite a bit more expensive.

Good luck!