I have a small sore, which looks like an infected ingrown hair about 2 inches above my penis which has a larger bump under it very sore, hurts to bend?

Folliculitis. Sounds like it could indeed be an 'ingrown' hair or a localized folliculitis. Important other information could be obtained with further questioning - esp. regarding any recent sexual activity, as STDs would also be on the list if you've had sex with any new partner(s). Hopefully it has resolved by now - but if not, I would apply bacitracin. The docs on Health Tap can help if u have more info...