How to rasterize layer blending options in Photoshop without loosing the effect

Question

Let's say I have a layer with color and another layer with texture over it. That top layer has a blending option "Overlay". How do I rasterize that top layer, but keep the overlay effect?

Answer 1

You can also group(ctrl+g) the two layers then merge the group (ctrl+e).

Answer 2

Create an empty layer above both of your layers, select down all of them (empty, blended layer with texture and bottom layer with color), press Ctrl+E (or via menu Layer -> Merge Down).