I did not want to post here but I could not find the answer I was looking for and I do not have enough reputation to comment on other VERY SIMILAR questions to get my exact answ
This code will create order with custom price:
$product = wc_get_product($product_id);
$order = wc_create_order();
try {
$order->add_product($product);
//$order->set_customer_id($user->ID);
$order->set_billing_email($customer_email);
} catch (WC_Data_Exception $e) {
wp_send_json_error("Failed to create order");
}
$order->calculate_totals();
try {
$order->set_total($custom_price); // $custom_price should be float value
} catch (WC_Data_Exception $e) {
wp_send_json_error("Failed to change order details");
}
$order->save();
$order->update_status( 'completed' );