That's entirely different from a "humming" noise bubba.
If it is a growling, howling noise that only gets louder the faster the tub turns, you indeed have bad bearings and a bad tub seal
(hence the bearing failure). The tools required to do this repair are the upper seal tool, the spring removal tool and the hub removal tool, costing more than the actual bearing kit needed to fix it. Your neighbor's tools, which are no doubt impressive, cannot help you much on this.
You should have a look at the Performa washer manual
before deciding if this is within your 'realm of expertise' or not.