Need help with (2x)microphone input(playback)!

Hey guys,

I'm looking for a way to get playback from my other microphone. As far as I can see, you can only have playback working for one microphone at the time, but I need both to work. So I'm either looking for some software that can work like the playback with the same amount of delay (or less - unoticable delay), or a fix making me able to have playback work of both microphones.

Context; I like chatting with my friends on mumble (skype-like program), but I would also like to be able to play guitar at the same time. I'm currently using "listen to this device" for my guitar, but the delay is too huge.

Running Windows 7.
Added a picture of my microphone tab. It might improve visibility.

Any help is greatly appreciated!

 

You could use multiple computers and an analogue (or digital) mixer. Latency is a problem of the packet delivery of the digital audio to the recipient.