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.
bite boite bit bait bate byte bute bide bitt biota butte bitty buteo battue bawtie bateau bootee baddie bootie bat bed bid bet but bot batteau bota baht boot bedu bout butt bode bidi beta beat batt bade bott beet bead boat betta booty batty beady bedew battu baaed booed beaut beedi biddy butty bawty
bite write white dite suite site cite rite boite nite mite lite quite kite gite wite it