Edit Distance in Python

The thing you are looking at is called an edit distance and here is a nice explanation on wiki. There are a lot of ways how to define a distance between the two words and the one that you want is called Levenshtein distance and here is a DP (dynamic programming) implementation in python.

def levenshteinDistance(s1, s2):
    if len(s1) > len(s2):
        s1, s2 = s2, s1

    distances = range(len(s1) + 1)
    for i2, c2 in enumerate(s2):
        distances_ = [i2+1]
        for i1, c1 in enumerate(s1):
            if c1 == c2:
                distances_.append(distances[i1])
            else:
                distances_.append(1 + min((distances[i1], distances[i1 + 1], distances_[-1])))
        distances = distances_
    return distances[-1]

And a couple of more implementations are here.