John:
Here is a guy who is using a flip camcorder and recording his audio into Reaper and then assembling them in Reaper.
He used a clap to sync his audio and video. I don't know how well this works but the youtube video is here
https://www.youtube.com/watch?v=xuZX06U51zAYou could possibly record your audio into RealBand or into something like a Zoom portable audio recorder and use the same technique to sync them in video software.
I've just started using Sony Movie Studio Platinum 12 for which I paid $79 but is available now for $29 - download at Amazon
http://www.amazon.com/Sony-Movie-Studio-...ny+movie+studioMovie Studio Platinum 12 has some requirements of the video card which you would want to check out
http://www.sonycreativesoftware.com/moviestudiopeJust some ideas. Not totally free, but fairly inexpensive.
John