Abstract We have performed a variational Monte Carlo simulation on a two-dimensional Hubbard model with first- and second-neighbor hopping terms in order to study the coexistence state of a static stripe state and a modulated d-wave superconductivity in the underdoped cuprates. In addition to a Gutzwiller, a Jastrow and a doublon-holon correlation effects, the band-renormalization effect was considered in the trial wave function. The condensation energies of an 8-period stripe state was computed as a function of a Coulomb energy under the hole-density x=1/8. Our results reveal that the renormalization of higher hopping parameters due to the strong correlation effect enhances the one-dimensional hole motion on a quarter-filled band in the stripe state, and brings quasi-Fermi surface close to the magnetic zone boundary in the coexistence state.