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.
build bield built bailed bulled billed boiled bald bullied bled bold baled baldy bleed blued blood blade bawled bullet belied ballad belady bloody belaud bolide billet bolled belled bowled balled bailout ballade bellied bullate belt blat blet blot bolt
build guild mauled mild ailed failed built boiled bield muled bailed jailed hailed heiled fauld guilt quilt mould wiled auld roiled yauld sild shield childe puled reoiled ceiled wield chield souled oiled doiled toiled toluide wauled tilde field fluid tiled mailed quailed guiled coiled filed foiled cauld nailed gild hauled veiled vailed fouled moiled miauled mouldy could would wild whiled wailed toluid tailed piled dildo child sailed ruled riled railed shauled should soiled yield
bail bill abulia bullae bull bailey bailie biali bialy bile bailee billow billie billowy billy boil boule boulle buhl bulla bully bible