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.
veloute velate volute valuate volte flout flute veiled flutey vealed valuta fallout vallate violate fellate veld felt volt velleity float flite flyte volti volta fluyt vault valet fluty flota folate fealty flauta vaulty felled fouled fueled floaty violet filiate foliate fuelled
veloute lout lute dilute solute salute pullout plutei glute culotte calotte lotte lutea bailout ballute eluate elute fallout flout flute flutey valuate volute clout glout glutei pollute rollout sellout zlote toluate lot