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.
wife wifey waif wive waive whiff waffie waff wave woof wove wavey weave weigh whoof
fife life knife rife wife fe if