Central air problems, please help?

While I was sleeping my central air stopped working and was blowing warm air in the house. I checked the unit outside and found that it was noisier then normal and the fan out there was not running. So, I bought a new filter for the furnace hoping that would help and turned the air back on, and everything appeared good (cold air and such) though it was not blowing as strong as normal and the outside fan came on once again. After twenty minutes or so I went to let the dog out and found it making that noise again so I checked and the fan was off again. I almost forgot to mention that the outside unit was hot to the touch the first time and getting hot the second time. Any idea's about what the problem might be and how much the parts for this will cost. I have a friend that does this for a living and he will do the labor, but I want to have an idea if I can afford it this week and it is to late to call him. Thanks in advance.

Update:

Elusive is fine, I know it is hard to tell what is wrong with out seeing it for yourself. I am just looking for rough estimate of the possible cost hoping I can fix it this week. Also I should have mentioned that it is a York unit that is either nine or ten years old. I bought the house eight years ago from an older couple who only enjoyed it for one summer. I am not sure if they lived here the summer before I bought it, that's why I said nine to ten years old.

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