I do not know the purpose of your circuit. If you feed mixer LO and RF ports with equal signal frequency and power as shown, then a balanced mixer operates as a multiplier (others say a correlator). Then the IF output will contain the DC component proportional to input power, and harmonics of the input signal .You did not specify the LPF.
With one input attenuated by 3 dB, the DC output will drop a bit. DC coupling at any port can cause mixer imbalance, so make sure you have capacitor coupling at mixer ports.
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By replacing the 3 dB attenuator with a variable phase shifter, you can adjust 90 degrees phase shift, then the RF carrier will be rejected and at mixer IF output you will get the phase noise of the VCO nicely plotted over frequency.