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.
nodi nod node nidi nudie noddy not nit knot nowt nota need nite nada note nide knit nude wynd knead kneed knout naiad neddy needy nitty