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.
waylaid woald weald waled wailed walled wauled wawled whaled willied wild weld wold wield wiled would wallet welled whiled willed wooled wheeled woolled
waylaid laid yclad payload plaid relaid xyloid lad lid