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.
vaulted valeted faulted valuated voluted validate violated flited felted fluted flyted flatted flitted flouted floated fleeted fileted filiated filleted foliated validity fellated veldt folded fielded flooded
faulted moulted vaulted filleted galleted valuated balloted flyted flouted alated louted bulleted moulded gelated belated violated glutted collated jolted quilted malted milted palleted pelted plated related saluted slated dealated deleted diluted toileted wilted halted luted valeted billeted delated dilated silted solated polluted salted pelleted piloted bolted fluted hilted jilted eluted fellated welted tilted felted fileted belted flited elated clouted colleted glouted kilted lilted melted molted voluted lated chelated
vault vaulty fault faulty valet valuta