Real-time monitoring with effects WITHOUT delay - what hardware do I need?

As the title says I want/need to monitor my mic in real-time with effects (reverb, delay) for a multitrack recording. When I do this now with no effect added I'm getting a roughly 200ms+ delay but with reverb added it's like 4 SECONDS. Here's a brief overview of my setup:

Core i9 10900k @ 5.2Ghz all cores
32GB DDR4-3600 Ram

Samsung 970 Pro 512GB NVMe

Samsung 970 Evo 1TB NVMe

2x Samsung 850 SATA SSD (in RAID stripe)

Motherboard audio

Creative Labs SBLive 5.1 USB soundcard

io|2 XLR<>USB (10+ years old but still works fine otherwise)

I'm a saxophone player so I want to be able to monitor my XLR mic in real time with reverb, delay, chorus, etc. while I play with the backing tracks my bandmates provide. I did this years ago on a (now very old and weak) Macbook Pro with GarageBand and the exact same io|2 XLR<>USB interface I still have and it worked great. I got real-time effects with no noticable delay coming out of the headphone jack of the Macbook and it was perfect. I'm considering an older $200 Mac Mini as that seems like the simple solution but I already spend more than double that a year for my Creative Cloud subscription so why wouldn't I do this on my BEAST of a PC instead?

I've played around withing ASIO vs MME settings but it seems none of my devices support ASIO except for Voice Meeter Banana which I'm sure will add it's own delay so I didn't spend much time there. I understand that it takes time to process the signal, etc. but if a my Macbook Pro from 10 YEARS ago could do it just fine I would assume a brand new top of the line Intel build would, right?

So what am I missing? Can this all be done in software in Audition or do I need to shell out for an Mac Mini and go back to GarageBand? I considered doing a Hackintosh and while I've worked in IT management for years and I'm sure after enough research and time I could get that going I don't really have that time.

Thanks!!