I've taken a list of English words, and examined each of them to see what they sound like (using the PHP metaphone function). This page lists the most common metaphone codes, along with their words. You can also search for a word of your own, and see which words sound similar - and which ones rhyme, and which ones alliterate.
flute flutey flout fluty flyte flite flued fluyt volute flauta folate fallout fled foliate flit filiate flat valuate fellate veloute felt filed flota volte flied fault fluid fleet float filet fealty failed velate valued fulled fueled fouled faulty filled foaled fowled felled fillet valuta fooled foiled floaty folioed fuelled vallate violate phyllite fold volt
lute solute elute pollute ballute volute dilute salute glute flute fallout mullite bailout solate dilate blate iolite vallate glout eluate glued lout gallate plutei bluet halite delete collate slued volte pelite sheltie chelate tillite dealate zeolite oolite sellout quaalude violate late palate valuta clued malate kiltie glutei folate lite gelate elite plate phyllite bolete elate flutey flyte lude blued bullate fluty saltie flout lutea elude flite alate glut flued relate illite pullout polite rollout fluyt allude clout valuate veloute valued illude blite slate velate slut fellate zlote delate delude collude toluate cholate hyalite