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.
balloted bloated blotted bulleted billeted bolted belted balded bleated blooded belated blatted blighted bloodied bladed bielded builded beladied belauded
balloted piloted flited luted quilted glouted alated louted hilted slotted clotted malted collated voluted flyted galleted allotted flouted vaulted belted dealated fileted wilted toileted pelleted diluted deleted milted looted salted moulted silted lotted fellated lated plotted reallotted jilted colleted bloated jolted floated pelted fluted violated valeted gelated filleted solated halted blotted billeted belated eluted elated gloated kilted clouted plated delated saluted related polluted bolted lilted palleted slated felted molted melted faulted dilated tilted bulleted welted chelated
ballot bailout ballad ballade balled ballet ballute