Blending Images Using "Apply Image" in Photoshop
The full version of Photoshop has an often overlooked feature under the Image Menu called "Apply Image." This feature allows you to achieve and tweak blending variations using Channels to choose which colors will be affected.
Begin by opening two images such as a photo and a textured paper.
Move the textured paper on top of the photo using the Move tool.
If the paper image comes in as a Smart Object, rasterize it by clicking Layer > Rasterize > Smart Object.
Select Image > Apply Image from the Menu bar.
This brings up the Apply Image options box. Tick the Preview box to see the changes as you work with the blending.
Under Layer, choose Background.
Next, under Blending, choose Overlay or Soft Light.
If you want to reveal more of the top (textured paper) layer, reduce the Opacity by typing in a number less than 100 next to the Opacity %.
Next, try blending just one channel by clicking Red, Green or Blue instead of RGB in the Channel box. This will use the colors in your image to affect changes to the blending. Each will give you a different look.
Experiment with a different blending mode. Modes like Multiply can give you a darker, moody look.
When you are satisfied, click OK.
You'll see the changes have been applied to your textured paper layer.
If the effect is too strong, reduce the opacity of the top layer by dragging the Opacity slider to the left. This reveals more of the original photo.
If you have achieved a monochromatic look during blending, this is a good way to bring some of the original color back to your image.
Variation: Try blending two photos or blending a copy of the photo with the original. You'll get some great, dramatic looks this way.
This is a wonderful technique to have in your arsenal because it allows you to achieve results you cannot get through blending modes alone.