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.
valutas valuates vaults valets volutes flautas volts veloutes fallouts flutes voltes flotas fluyts flouts faults violets velites violates fealties velds flits felts flats velleities floats fleets filets fluids flytes faulds flites flatus fillets folates
valutas bluets sellouts rollouts pollutes muletas gluts clouts fluyts glouts flutes flouts flotas flautas fallouts dilutes solutes elutes ballutes glutes deltas sluts salutes pullouts pelotas maltase galletas litas volutes lotas louts lutes bailouts balatas sheltas
valuta valet valuate valued vault vaulty volute evaluate