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.
lute lutea late lite lout lude lotte latte lyttae lit led lat let lot lati lied leud lade leet loud latu loti laud lewd lota lode lead loot litu laity leady litai looed lotah lotto lytta wyled
bute haute jute cute lute mute route saute ute chute shute ut