What kind of down payment will I require to purchase a new home?

With pre-existing homes, you have your down payment requirement, your deed transfers, taxes, legal fees, agent fees etc. This can end up being around 10% cash down for your home purchase. Comparatively speaking, with a new mini home the only up-front costs you would have are your 5% down payment requirement, and a small legal fee to register your mortgage (around $1,000).