We study a resonant Bose-Fermi mixture at zero temperature by using the fixed-node diffusion Monte Carlo method. We explore the system from weak to strong boson-fermion interaction, for different concentrations of the bosons relative to the fermion component. We focus on the case where the boson density nB is smaller than the fermion density nF, for which a first-order quantum phase transition is found from a state with condensed bosons immersed in a Fermi sea, to a Fermi-Fermi mixture of composite fermions and unpaired fermions. We obtain the equation of state and the phase diagram, and we find that the region of phase separation shrinks to zero for vanishing nB