You can pick up a basic, but good, audio interface starting at around $150 or so, usd. Something at that level would give you ASIO drivers, and a couple of mic/instrument inputs, likely with phantom power, and some reasonable converters and pre-amps.
The more inputs/outputs/pre-amps you get, the more an interface will run.
Make sure you find one that has Windows 7 and/or Windows 8 drivers, and if you can find one with Windows 8.1 drivers, even better.
I would also recommend a USB connection - most rely on USB 2, rather than USB 3.
A dedicated audio interface will use its circuitry to take the 'load' off of your CPU, for analog/digital conversions and such, which will help reduce the likelihood of getting dropouts and crackles and pops and that sort of thing.
I hope the above helps,
Bob Bone