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.
nite nit note nide knit nudie nitty nut net not node nodi knot need neat nowt newt gnat nota nidi nude nett natty neddy needy netty knead kneed knout naiad nutty
bite write white dite suite site cite rite boite nite mite lite quite kite gite wite it